Show i QUARTERLY REPORT OF CHINO COPPER COMPANY IS I ISSUE ISSUED Tho The thirteenth quarterly report of t tC the tho Chino C Copper company compan comp compiled e by President res c nt Oc C. C M 1 MacNeill lac and Managing DI Director L U. U DC C C. IB is 11 as 08 follows Wo We submit lt h herewith a sta statement of the tho theat results I of oC tho operations of oC the I Copper company for the fourth quarter of ot the fe calendar and tl fiscal cal year CRr 1014 1914 11 TI Tho Tue e gross rO M production of or copper ropper cont contained con con- t tamed a In d In Il the concentrates concentrate for tor the Quara quarter ter tei compared m ared by b months with wih the production pro pro- I for or tho the third second and first frt quarters of or the year car 1 1314 1914 1 Is shown In the tolo ln following tabulation FOURTH QUARTER QUARTER Pounds Pound October 0 go D December Total S THIRD THID QUARTER Pounds July Jul August SOI September Total I S 'S SECOND OND QUARTER Pounds April Apri O G. G r I June Jure I Total l II 1 FIRST RS' RS QUARTER Pounds Pound January January February torch March Total Average A monthly production Fourth quarter pounds third Qu quarter rt 3 3 3 pounds second quarter pounds pounds first quarter pounds pounds I The total production of or copper con- con tamed in the tho concentrates for Cor the year ear I 1911 was pounds as against I P pounds for tOI or the year ear 1913 and 93 66 pounds for or the tho year ear 1912 the average o monthly production for tho the 3 year HaT ear 1914 1911 being pounds pound The he following table gives th tho tonna tonnages es b by quarters for tOI or the tho year ear 1914 Ag Total TOll tons No dally daIly for or quarter days Tons I Fourth quarter Quartel H 92 9 67 4 ThIrd inird quarter 9 92 Second quarter 91 First I quarter 58 00 90 Total and average for tor or year er 1914 There 1 here C. C were ere no crude ore oro shipments for fOl previous pre the fourth l quarter ot of f I 1914 H. H bUt during fr the quarters there was a total ot of 3 pounds of oC obtained copper from dIrect shipments to tho the smelter making a total ot copper Production for tor the year v i 1911 er or of 66 56 pounds ri Or OC h i the tons In n nh the of oC ore are treated mil nn during the fourth thE Quarter of or 1914 approximately from mm 35 per cent camo came from iho the north ore body 21 1 Per cent the thc northwest ore bod body and 62 per cent rota the tho south or ore ore 5 body The average verago percentage e of or percent copper con con- tamed In 1 the ore treated for tor Quarter the tho fourth was per coot cent as against Per cent for tor the I quarter The average a to for l' l the quarter was per cent corresponding to a recovery recover o of 5 36 pounds or of dry ton or of copper per ore milled Time Tho traction tracton tor or the previous Quarter average n emse was ex- ex per cent corresponding to of oC 2 Ct pounds pound of oC recovery reco ery copper per dry ton of ore milled There were produced durIn dur slur In thIs l lag quarter cr dr dry tons long of or concentrates concentrates con con- representing a ratio nillo of or concentration con con- for or the previous quarter of ot tons or of 11 ore Into one ton or of concen- concen The higher ratio ot at rUo S 5 duo due largely larely to the better character of oC the ore are treated treated beter The Te cost St per pond of ot for Cor tho the net et copper produced produced pro pro- quarter quarterS after allowing for rn smelter deductions and af In without ox Ing any credits from other alow- alow 8 8 14 1 cents The sources wa was 81 credit cents gold contained In credi received for tor or the the concentrates dur durInS slur slur- ing the InS quarter amounts to 01 cent pound t thus us reducing the tho per ner ducin cost of ot proc proc- ina- ina Copper after atter 1110 the old value to cents if miscellaneous gold earnings derived ed derived I from v various arlous lou for tor th the quarter are credited to the cost costo ol of credIt producing Cop copper r. r the thc amoun amour of or such whIch would per pr Pound would be oa cent reduce cent the cost for tor time the fourth quarter to 77 cents as with cents calculated compard on the SanTe basis for the previous elude clude as quarter These costs Include In- In tion and usual all Operation ton general charges and amid the tho regular charge or of 30 cents per tOn for tor the cent of oC ore treated extinguishment o ot mIne mimic ment and stripping development development develop develop- expense The financial re results or of the thc operations for tor the current company's COmpans quarters or of 1914 are ale a fe follows and preceding I Fourth Quarter Nta profit prof froni milling 1914 Crude tons lions ore Opera Opera- oper- oper Cude Miscellaneous ore oro 8 Income etc d rents Totals T Tt j Third quarter Second v 5 1914 First quarto quarter 1914 1914 87 77 H 1 1 98 30 The above o abo earnings are aro rInK price ot oC 1108 based on a car car- carrying copper for tor the 18 fourth foriK cents per pcr P pound nd fo for tor Pared with 1 12 Quarter Cra as com corn 1243 43 wih cents nt f for Cor i t time the e third ten ter r. r 1392 cents cent for Cor fl luar or the tho and 1443 Second Quarter cents for tor or th tho a average nut first quarter Th The 1332 cents cent per poundS Pound price for or the year r nr is II The Ot for Cor the low los cents Used as th tho basis price ot of 1105 I per Pcr for tor the last QU for Cor carrying copper cop cop- quarter sire Ire Is due to this th de- de desire on th part ha have haf f all its ot of your our man cement t to ta ni unsold of ot the year e Is carried at COpper a at t the cn cnn end as occasIoned carrie market maket alue and and of oC wal curtailment n In b by the fact at the time August was carrying g n large the company compan co COpper a considerable amount of or unsold W j sold Bold at a amount ot of which t the e pico at reduction from which hc ne net surplus over O It wa 16 then carried m ments Cor dividend requirements or the require require- year 1914 i DurIng thIs quarter there It total I of was moved mo a cubic n place and era a yards ards or of ma material In per Pcr month Ot or this t o i ot of total 2012 Q cubic cubi yards ardt terian removed amount or of ma ma- 9 8 strippIng cubIc the yards arde were rem remainder lent to 2 being a 1 tois of at ore quarter the During this sho ls part time were on worked on I shovel Practically equipment half tm lions for tor the tho |