Salt Lake Telegram | 1948-04-15 | Page 39 | Mining Company Profits Gain

Mining Company Profits Ga Gain n Although Rico Argentine Mining Co Colorados Colorado's second largest zinc producer mined and milled slightly less les tonnage in 1947 than in 1946 its profits were increased more than per share per share according to the company's annual report released Thursday More than feet of development development development devel devel- work was wa accomplished with a similar amount of footage of ot diamond drilling The management management management manage manage- ment expended almost of exploration ton funds to seek new ore Dividends paid during the year totaled and dividends declared declared de de- de- de dared in 1947 and payable in 1948 came to New machinery and equipment purchased during durig the year cost An additional was wa paid for properties of ot the Falcon Co which will wi produce ore during 1948 Total decrease in tonnage production production pro pro- of tons was wa noted in inal all al metals mined Total operating income totaled with net operating profits listed ai at