Show I CON MERCUR MAtS MAKES ITS Ts ANNUAL REPORT I IThe The Mercur Gold Mines company lisa hRS submitted Its annual report for tho the period ending June 30 30 l DOS OS to Its Us stockholders stockholder President Bern's Berns report states state During the first four months of or the fiscal period tho the operations wern conducted conducted conducted con con- ducted at a n cost of oC and during the remainder of the thc year rear we recovered reco It with a small balance balanco to tho good The loss for the first four tour months however howe wn was not less In the tho ordinary sense for with the money we wo made a now mine practically out of tho the old Brickyard Brickyard Brick Brick- yard ard as well as other heavy y Improvements Improve ments rents of or a permanent nature None lone of or orthe the outlay was charged to capital ac account ae- ae coun count t hence tho the c expenses expanses for that period arc are not comparable with normal working conditions Although l h the net results for tor th the tho year are nrc not favorable yet ct I think It will bo ho conceded that the tho report is 15 encouraging rather titan than otherwise Particularly tho the developments in the Brickyard and theold tho the old Golden Gato Gate mines In both of or which highly Important ore reserves ha have been added to our resources I Continuing th the presidents president's report shows that the prop property Is now operated under normal conditions an and that for several months It has s h ho been n n operating on a payIng pay pay- Ing basis a money making basis It ad admits admits ld- ld mits mils that th the slime plant has not bren showing re results that were ivere expected but hut ascribes this to the leaching of base ores The Tho excellent performance on the oxidized ores however howe has materially bettered tho the general Jeneral extraction and the tho property Is Isil il fortunate In having haYing tho the now In- In The reports of oC th the tho treasurer and the J general noral manager manazer Cr Gold train from Golden Gate te Mill n Manning 1 royalty 3 DIvidends end Gold Belt Delt Water Co Ground rent 6 time checks chocks Total revenue LP L. Less S operating expenses Mine MIno Mill 1 Manning 1 mill i H Gross total ances from Crom last la t year I Net operating ex expenses expenses ex- ex 6 i N Net t earnings for forthe the tho year ear 3 2436 Balance from Crom last report Total available Profits T Less Loss construction Items Hems slime plant Balance of or assets June 30 0 1908 S 21 |