| Show GOLDfIELD CON MAY MY DOUBLE DOUB ITS OUTPUT Millions of dollars dollars' worth of ores have llao been cn extracted from the thc various properties prop rits now no own owned 1 by the Consolidated Con Con- Mining nin company compan It It has proven pro Tro ven en to bo ho one ono of the tho greatest mineral b belts ls ever wr discovered disco in this thi country countr and yet ct recent reports of or President S. S Dixon rind Manager Mackenzie Macken zie show how ly 1 that the the ProP properties proper ties are arc certain to tn like make tho the best liest record in iu tin tl years vear to rome come 01 It Jt I is h estimated that a profit of or 6 I will i bo 10 lt made annl annually under the present system of operations and as- as aro are given in n that the qu quarterly dividends s o of ff 30 iii u cents centa a share will wi bc bo continued indefinitely ni l Since the new lew mi mill has been commissioned commis commis- t an m aggressive i e campaign of or development de do work and production is iR to bearrd bo ho carried on Some Somo of the facts regarding regard regard- jn lag ing this thiR great r at property arc taken from President Nixons Nixon's ion 9 rep report rt n as follows folos folo's During I Dur tho the year re r tho the mint mines of your company have o produced 32 82 tons tOUR having an nn average gold luo of per vcr ton and md 12 1254 5 tons of second class oro ore which was placed on reserve I slump dump carrying carr an era a average e value Blue of iG per t ton n Th The Combination I stamp tv-stamp mill mi treated tons ton eon con containing on I taming or per pcr ton Lc Leasers opt operating on your our property during dur duro I in jag ing the tho year produced or orI per Car ton in I all al tons of a n I gross r value Tallo of This production pro pro- po I I I relative u sma small I when Y viewed in inthe inthe the light l ht of time the company's facilities I I it will ill wil be borne in mind was as mimic duo to I the fact nd that only onh the Combination I mine JinI and mill mi were in operation No Xo I attempt las has hS been made in the direction I of production beyond tho the capacity of I the Combination mill mi although development develop develop- mont ment ment work wor of magnitude has bee been I prose prose- I Should our ore reserve subsequently justify an increase in the number of or stamps stamN beyond tho the present equipment of the tIme present coarse crushing and belt conveying capacity of the mill mi is is adequate adequate ade ade- quate to supply ore for additional stamps or OU in alThe all al The Time cost COlt of or tl tho mill i. i including in the railway and p pipe po line lne both of which became elements in the general mill mi expense ex ox pense was ts as al follows Mill li and auxiliary iary lary buildings approximate iDO an and pipe line lne and re reservoir reser- reser er voir a total of In justification of this I it is wen well to invite invie attention to the Rain Ra saing sa in ing which will i be effected d by mi milling nc our own ore instead of or shipping to smelters of over 10 11 per ton of 2000 annually sufficient to reimburse c your company compan for the total outlay in live o months I |
