| Show HORN HOA SILVER IL fR REPORT IS ISSUED Covers lOyer the I he Year r car 1904 1901 During 1591 lous Ious of Ore ere cre Prod THE COST OF EXTRACTION Is Given In lii II Detail Manager Fani fara Statement Cash on Jan Jai i u Was Tho llio hu annual report of the Horn Hor 1311 SI company covering tito tho opera operations oper bus toll of or that corporation during tho thu year 1901 1908 Ils lids ms wen beast released Like documents Issued front from tho the canto It cov ra every oer In detail so co o that nil all ni tock stock holder can at a moments moment glance through UH Its Il pages ascertain Suet junt what hue hua bon bert received from hUl receive ivory every pound oC ut ore oro extracted front from the mine just It I coat COlt to produce It vie oc Altogether there were 1601 tons tOis otis of or orore ore produced of ot this 12 ls is I cn classed we led l ua as lS zinc 1723 tons touts of or lust first cla class n 24 2 toni of ar copper tons Ions of or crude and MO MOton tons ton ot of milling Tho The produced from tho ho ores Eold 1011 1 pounds hounds ot or lend lead 1051 ounces In silver 1 3 ounces In of ot gold pounds copper COIl per of or zinc The rite cost rot of ot extraction of ench each ton tort tonof ot of crude ore oro wine ami 1101 the cost of or concentration at nt the mill mi was wnM 1602 rite Tho average value of at the ore oro produced per her ton sins lS 1202 copper ore 2856 lease ore 2021 I zinc ore are 1703 a nil concentrates 1321 I 1 1 T In his re report report report port stated elated Physical conditions have changed rny my lY laet report We W e still have largo large lago bodies of or low lol ore with the usual percent percentage age ng of ot shipping product IJo Wo have de do developed appears to be an tin In Import hut body ody on out nod and an below the tho north SOO SOOThe The rho per pur of or load la is considerably below lie Iho Ken Hel oral average 1 erge but bu t the ho silver silveris Is IB correspondIngly very much I This Is 1 In Iii now new ground and lne we weare were lure are re seasonably reasonably sure Hure of ot good results The Tito next In Importance Is the ten south I 00 level loyol where wo swo 10 have havo large quantities quantities ties tes of ot low grade ore with wih about 20 tier per cent of ot high grade ore 10 40 o per pcr cent lend lone nod 10 ounces In sliver Ilver How However However ever over title this ground Is broken having been by tho the cave so 90 It I In is II to 10 tell tel what wo so will wi get further on South BOlth of or us tie lS Is all ni now nI territory The Tue bodies bodlos of ot zinc ore referred to In Informer Informer former reports have not bean disturbed only for trial shipments until quite re cc recently when tho he unusual price of or spelter In New N w York made mado It possible to ship title this product at a I reasonably Rood good The net profits from the Mercantile company for or lie tho year yer are aro GOO The lIte he financial statement shows hows re rc receipts from tho the sale lle of ot concentrates sale sate of or copper ores oros i ore lease leoRO ore 33 I zinc or ore tailings etc 97 07 9 net nel proceeds proceed from front house rentals at Franklyn 21 Interest on sundry amount from Frisco store Ilore which added to the cash canh on hand on 50 January 1 I 1001 loot of or makes a n total of or In the Items of at expense wits was paid pAi out for tor or mine iamb Ind SO U for tor mill mi operation In royalties 33 In general expense The Th treasurers books showed on hand Jan 1 I 1005 of or while thero there were or call loans outstanding oll cal supplies on hand hlll to the of or The Tho assets of the company aro placed at itt tho the liabilities are aro none About 1000 feet reet of ot dead work sync done one during the Iho year It Is i believed the th company will 1 post met meta posta a I I dividend during durin the lie tho month of or April Apri |
