Salt Lake Telegram | 1926-12-27 | Page 12 | Mammoth Earnings Exceed Dividends

M Mammoth a oth Earnings Earnings Earnings' Exceed D Dividends While the values alue may mey b be be somewhat lower than they a a few tew weeks ago alo the showing or of ore In the tise Mammoth mine la Is and the outlook for iii the property encouraging to Manager Samuel McIntyre The Pros pre Samue cot ent shipment are runnIng around JOO ton toni c daily a I an and the ore I ls worth over o er 20 0 per ton The average was Wl higher last month but it 11 baa ho been necea ary to 10 remove a certaIn amount ot Of 1 low grade material in the process 01 or mining the big ore bey which has now been opened on Jever several l levels level of ot the mine lr Mr McIntyre looks look for an Improvement In I the character of the or on ore during the next few weeks week but lut ut even If there Is no change the values are Re sufficiently high highto to admit of ot good profits Tho re enly announced of cf 25 2 cent a. a I sha share re came a a e to mat of the Mammoth ah shareholders who not ot know that the earnings ot of the property would permIt the thc payment of Such uch a I sUm for the last quarter of the ar Mr 1 Mcintyre say that have ha the tise dividend requirement throughout the put past year ur but that l hI did not care to give out any figures figure on oIl th the surplus in the treasury A complete report on the years year's operations will wI go out In In February The Thene new ore ha has not yet been located on the level where pro prospecting has hasben been ben going on for tor the past few fw months but the officers officer of ot the company are confident that success will wi will 9 S on attend their er efforts effort ort on on that tha per particular cular level le el The new ore It will 1 be recalled has hal been followed folo ed to lo a I point about fifty feet above the 1100 level and and with ih everything to Indicate that It i will wil go o to higher levels level much Importance Is ta at attached at- at to the work on th the Eur Eureka k Reporter o I