Show RAY CON MAKING IS ITS COPPER BELOW 9 92 91 2 CIS A POUND Information from tom the tho eastern a r offices is t to tha tbt effect that Bay y Consolidated td lowered Q its cost of production to below bolow 9 jt 9 cents a n pound nd last Jest month The chief factor in bringing about this reduction re roo ducton is attributed t t to tho the change in shipping concentrates from El EI Paso to the n new W smelting plant at hayden Haydon reduction will be bo Yet a still sti further ton wil made as operations pro progress es and th the tho management o outputs a larger t tonnage Dna This cost COlt is II is given len 1 in comparison to tho the previous 10 4 34 cents a pound pound- which was wu th the average up tip to tho end end of 1011 For the first three V months il of this U- U year vear Ri Rays Bays te net profits were bett better r than a month or duri durme durin the quarter Quare Dunne that period pounds copper were pro pro- in in concentrates at a cost of about bout 10 cents a pound At the same ame there wu wa was treated treated 30 dry dr tons of or ore or There is only a 11 slight h improvement im Dr provement ement in the recovery Y of copper ner Der ton over the operations last at Jat year yer due to th the fact that the company compan is i still sti mining minin and treating its product from the upper upper- stratas strata wh where r the ore ore I is of at a lower grade and some coutry countr material comes in lin in with with the ore are as as it i is 15 broken down I Milling costs cst were ere lowered in to the tho first frt Quarter to 56 6 cents per Ter ton ton as compared mt with 59 cents cents' during the operating period of last lar vear year This reduction was a offset oset by bv a slight increase in cost of mining minin from om 81 cents to 85 86 cents cont 8 a ton Milling costs during April and May are showing show ing me a a further improvement and as asmore asmore a more sections ar are commissioned another another an an- other reduction will mIl ba bec made Tho company has baa four oft of t the e null mill plant operating continuously and the fifth section part of the time The fifth fth section will wi go o in regularly almost n time and the company compan will w then mke make inake a daily daiy aver average e treat treatment ment of tons The he remaining three sections of the mill mi willbo made ready cad for operating p ratin as 2 as' as soon z as as f S Super per Cates Gates can make a larger larter ex extraction ex x- x traction from the der underground round work work- in inca Over or 9 97 per cent of the Bay Ray Central Contral shares har have hae pr been exchanged I for Ray Bay Consolidated stock toik |