Salt Lake Telegram | 1935-12-19 | Page 8 | Mammoth Declared Five-Cent Dividend

Mammoth Declares Five Five-C Five Cent nt Dividend Direct Directors rs of tile the Mammoth Mining Min Min- ing ig company Thursday declared a n dividend of 5 cents a share total total- hag ing Z 20 OO The Tue dividend is payable payable pay- pay able ble January 2 to stockholder ers of or record ecord December 23 The rhe company paid a similar iv end June 27 27 the first disbursement since nee Directors are reported to o have expressed the opinion that the ic company will vill pay 5 cents centt a n quarter quarter ter er regularly hereafter placing the stock lock on a cent 20 basis The mine which has been worked since 1881 has as paid a total of in dividends The company is shipping 1500 tons ons a month the maximum allowed it t by its smelter contract the ore coming oming from several different parts of f the mine Ore from the new strike on the foot 2100 level is reported re re- ported to be carrying from 25 to 40 0 ounces of oC gold to the ton with four our to eight ounces of silver