| Show UTAH UTH COPPER Will NILL SHOW LO LW COSTS ON OUTPUT A wonderful achievement ement was made b by Utah Copper last lut year car despite tho the fact tact that thal it I was us as handicapped by the effects of ot ofa ota a strike at t the beginning of ot tho the year tr and that it got behind In its stripping as RS a result of ot this disagreement with Its Is forces force rM It treated its 11 lowest ore during period perlo perlo with wih an In average of ot only t twenty five pounds of ot copper to the ton and yet its Is costs were tho the lowest of any in its It experience It I closed the year ear with profits 0 of more mote than Utah Uth Copper domon demonstrated that that It can an make big profits on 00 an ore that averages far Cor below I Its re reserves ene The last estimate showed ho d its It reserves amount to tons of ot an a assay I value of oC lAj per cent copper coper The grade on which the pr op operations opera opera- ra tiona tons were conducted conduct la last t year ear averaged I slightly under per cent and the costs were 1628 1528 as compared to 70 during durinG the preceding r year er when tho the average e grade rado of tho the ore Or was per cent The Tie 1 Garfield Garfeld railroad I is ore ole of the I factors In reducing the co cost ct t of ot operations and ami aOl In the future the earnings from this transportation company will wi ov oven even n prove ro e more nore of ot a benefit nent to lo the mine than in the past In 1913 th the the- earnings from this railway rail rail- rai wa way Including the tn profits from rom other othe miscellaneous s source sources a amounted mounted to a credit of 86 c cents per pound of ot copper coppel produced as compared with wih 56 cents cent in 1912 Crediting these items to the opera opera- oper- oper In lag ing cost shown above c aO the final cost COlt for Cor the thc year ear Just closed d was WI c cents as against cents a difference of hut hul 10 2 cent per pound despite the low Jow grade of or ore tr treated ted c To emphasize how pronounced the op op- eUn crating Improvements cm were In 1 1913 IJ over 1912 it ma may b be bl stated that had the company com corn pany fany operated on a grade of ore last Jast year car equal to that of the year cr before rore the ost c-ost per pound would ha have been i 7 cents crediting miscellaneous earnings o 8 The low grade Jade of ore orf treated In 1913 was largely th the result of delays in stripping strip strip- ping pin op operations experienced by the company com corn pan pany toward the end of oC 1912 91 when operations opera opera- lions llon w were re so f badly interfered with owing ow ow- ing to the II labor or trouble This wih necessitate tate d th the removal of to tho the lorade low lo grade rade area This hl condition ha has been rapIdly rapidly rap rap- raJ- raJ Idly Improving ln and nr th the t tendency id Is gradually grad rad- rad to get gel tet Into higher grade grale ma material t I. I Durn During the first quarter of or 1913 the rp of oC Utah's ore was RS 14 per cent which represents a marked Increase over o I the preceding quarter A As a result of this lila better grade re of oC ore Uth Utah's I tion lon Is steadily Increasing With th the heavy he 3 tonnage which I Is being handled at the company's concentrator which has hRS proven pro Us its Is ability to treat trea t tons ton per da day any sl slight ht Increase in grade of oC pr ore with lh better lter recoveries erle per r P ton increases Utah Utah's s production in Uth's a surprising manner At the tho present time the company compan t is turnIng turn turn- tur lag Ing out over pounds per month as 38 compared d with wih an average eral of or tor pounds per month for last year With lh the higher grade of ot ore now being treated and the tho greater reter leco er per ton a marked decrease In the operating cost cot per pound should be shown this year over last lut while the greater earnings expected from the com company's railroad should still sti further Increase the credit to apply appl against two Cast two ct two Important factors factor making mak mak- In ing for a lower ultimate figure fure The present nt year car for Cor Utah should be he the be best t in tho the history of the company And barring unforeseen difficulties ft a lal large Increase In production should be record record- e ed D Decision llon of the tho directors to erect eret a R I leaching plant for or the treatment of the company company's E lar larl tonnage of oC oxidized capping capping cap cap- I JIn ping should give Sl to Utah In the th future I an In nue nue Important additional source of oC reve re i I |
