Show TEEN O OF UTAH MINU G C COMPANIES REPORT NET EARNINGS OF IN N I r 1 Remarkable Showing of Metal Meta Producers Revealed in i Reports Filed Fied With Equalization Board Boad Tintic I Standard Leads in Silver Siver and Lead Production Pro Pro- Production and Barring Utah Copper Holds olds I-olds Position as Leader Coalition Is Second Analysis Shows Many Interesting Facts and Great Earning Power of Mines By WILLIAM Fifteen of the approximately BOO mining companies that filed fed re reports reports reports re- re ports of flings earnings covering 1925 operations with wih the state board of ot equalization show a to total tal gross gloss earnings from the extraction of ore of ot and a net profit proUt after all al deductions and expenses including In- In eluding that for tor taxation of or These fifteen mining com com- parties will wl pay taxes on three times this net earnings or on a a valUation valuation VilUs tion ton of The other mining companies will wi swell this valuation considerable more than additional It Is estimate by bv the board of equalization Some interest Interesting g facts are brought out in the reports of earnIngs earnings earn earn- ings logs of these fifteen leading mining companies of the state as are shown In the accompanying table which Is i a compilation of the earnings earnings earn earn- ings Including the production of ore and the net earnings of the com cOon panics p UTAH COPPERS COPPER'S COPPERS COPPER'S RECORD Utah Copper company Is b by far the greatest earning power of the mining companies of the state leIng be being le- le ing in a R class by Itself and one of or orthe the largest single mining enterprises enterprises enter enter- Prizes ever l known In the history of the tile wad worlds world's ds d's mining industry This company earned a net of 10 or a share during 1925 and paid a share in dividends dividends dividends divi divi- to stockholders With Wih the close of ot 1925 the Utah Copper completed completed com corn the distribution of to sto stockholders The premier of the Utah silver silver- lead properties however is Tintic Standard both In earning capacity and nd dividends paid to stockholders I In 1925 this company earned a share net or a total of 3 on its shares of of- capital stock outstanding Tintic Standard led in the production pro pro- ducton of silver exceeding the production production pro pro- ducton of Park Parl Utah consolidated a consolidation of the Park ParI City Mining and Smelting company and the Park Utah company compan Tintic Standard one of the newest mines in the tile state marketed ounces of silver and pounds of lead One of the phenomenal phenomenal phe phe- features of df this mine Is that the ore oi-e was was all al taken talen out through one double compartment shaft With another outlet to this tills property its earning power would be greatly Increased Outside of the Utah Copper compan com corn pan pany Tintic Standard treated its stockholders more liberally In the theWalt way Walt of ot dividends than tan any other mining company compan and at the same time was able to return more to its it's its treasury Of the a share earned eared the company paid In dividends during 1925 It I can readily be seen that this company could go on a regular fifty cent cent quarterly dividend if the directors 80 so de desired ired To date this company has paid In dividends to stockholders Silver King Coalition Coalton one of the oldest and most substantial of Utah's silver lead mining companies companies com corn Panics located in the famous Park I City district runs second to Tintic Standard In earnings showing a anet anet anet net of in its report to the state board of equalization or a share shaLe on its shares of stock outstanding This mine shoWs ys a gross earning of from ore extraction producing ounces of sliver silver pounds of ot lead and pounds of zinc This company b by pa paying ing 1 1 a a share In 1925 put ut its total dividends paid stockholders stockholder m it sn n 0 PARK UTAH SHINES Park Utah Consolidated was as the I second largest silver producer Inthe in inthe 11 the the state with wih ounces ounce's of silver siver and was fourth In the production production pro pro- ducton of lead with p pounds shows a gross profit from Its Is ores orEs of from which is netted on its is shares of st stock ck outstanding outstanding out out- standing or practically 1 a a share The company paid GO cents a share bringing total dividends of the properties making up this company to The hf Bingham Bingam Mines Ines of the United States Smelting company was next in net earnings for 1925 making from gross re receipts receipts receipts re- re of ot This company compan Is owned outright by the smelting concern and was the leading zino producer with wit pounds and ran high In production of ot all aU other metals Utah Apex was up among the leading producers In 1925 with wih a a. anet a net earning of or on a a gross gross' of This company earned 5 a share and paid 90 cents in dividends in 1925 bringing th the to total total total to- to tal dividends up to The Utah Delaware formerly tile Utah Consolidated and owned outright outright out out- right by the International Smelting company a subsidiary of the Anaconda Anaconda Ana Ana- conda Copper company showed a. a remarkable recovery in earnings last year with a net of from a gross of One of the features of 1925 was the showing made by Mammoth and Mining companies in the theold theold old Mammoth section of the Tintic Tin Till tic district A new ore channel discovered discovered dis dis- covered and developed during the year puts these two mines back into a conspicuous position among Utah's lead sliver mining corn com earned at net of on gross gross' ore receipts of earned 25 cents a share the control of its stock be beIng being be- be ing held by Chief Consolidated Mammoth Mining company one of the famous old producers of the Tintic district showed net earnings of In 1925 or os' 37 2 1 cents cants on its shares of stock This property developed an entirely v nc ore channel that now has every as assurance as- as o of permanency and prospects prospects pros pros- for 1926 are exceedingly bright Mammoth has paid to date and paid 20 cents a ashare share in 1925 to stockholders Chief Consolidated in the Tintic district was one of the leading sll- sll ver and lead producers of the state with will ounces silver and pounds lead It earned 2 cents a share in 1925 and paid 20 cents In dividends bringing the total dividend record up to Bingham Mines with only shares of or stock outstanding Is one of the high earning mines of the state on Us its capital stock It earned 1008 a share In 1925 and paid 3 a share In dividends Its net of of- was made from gross ore receipts of and was made from the company's properties properties proper proper- ties In Bingham and Tintic Utah's mining companies all showed remarkable improvements in earnings during 1925 Not only were dividends higher than at any ether time in the history of Utah's mining industry and exceeding minIng mining min min- Ing dividends of any other state In Inthe inthe the country but the large sums sums' were returned to the surplus and many improvements made in the properties and equipment that should make 1926 a a. banner year In 1925 the fifteen mining companies corn com panics considered in this Analysis produced ounces gold 19 ounces silver v pounds of lead pounds of copper an and pounds of zinc The fifteen companies made a total to 1 tal net of 2524 a share during 1923 1925 and paid a total of 1210 a share in dividends so that only half of the net earnings were given stockholders stockholders stock stock- holders the remaining going into the treasury The fifteen mining companies with the close of 1925 had paid a total of in dividends |