| Show MA311310TH COMlANVS 911 ETIM Annual nr 1101 tits Diane Ausong II0h Ooht 11rdcor The annual meeting of the stockholders stockhold-ers of the Mammoth Mining company wort held In this city Yesterday after Pettit al which time the rmpany exPositive Positive committee consisting ot Measure Sam and Will McIntyre and J A Cun nlnhom ubmlld a report of opera lon al tile mine during the year LOT 1 allowed I lint these tveic milled at the oomponys Gostaull mill 33500 diy Ion or 1 of which 3rolf lon were taken tom the seevjnd class dump which was mined befoiv the mill was built The gloss 01 from the ore was S7C5 per dry ton mllli el 1 cost lo rcnlb mi the product of the mill SI 01 Itdthej for each dry ton milled Labor coal and chemicals cost I l 74 Per ton und mining and hauling 12 18 leaving net prom of 1172 Per I drj ton The mill produced 8 271 ounces of gold and 178 176 ounces of sliver The value of lead and copper recovered In the mill con cntratex wan S26 700 The mines production for the your con lsled of 38741 dry tons of which 3741 tons wan first class ore ono sold on the Halt Lake market at 130 90 net Per Ion The remaining = 01 lon were treated II the mill the lot ne re olvlng 1 credit oC 2 Per ton or oil 00 Ihp entire Property proucd 1212 ounces or gold anti 267849 Ounces iii silver The voluP of the gold was S25t 03354 The value o the sliver was 115011078 and the value of the lead and copper was S51 9CO 92 making a gross output of 15304604 This shows that rrij per cent of the output was gold 33 per cent silver and 1114 percent per-cent was lead and topper The gross output as above was 153 04604 Of this amount 16329923 was paid for freight and treatment on the product leaving a net surplus of 387 74381 The total cost of operating the plant wass 31i94140 which Includes all pay mnl for supplies on hand addilon 10 mill god mine anti lillto 1 line which leaves I thO company a n1 balance of profit In the bank Find In bulion in transit which was the output ot 1897 of 119805 41 The above Illurea place the Mammoth Mam-moth mine In the list of Utahs gold producers as the percentage In the yellow yel-low metal for the Year was n trifle gar than that of all other mlai I com lnfI and much greater than Ihe output ur silver for the tour Hil 01 I prove qui a surprise < to many unl people as for a Ion time the Mammoth Mam-moth has hn retognized as 1 white metal producer The following director was elected for the ensuing Year Samuel Metal t > re president J A a Cunningham v Ire president II 1 Young treasurer William lam McIntyre W M Bradley Frnncln Armstrong and Samupl Mclntyre J P Corker was unanimously reuppolnt ed secretary |
