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Show OJ 1 OF U LIBRARY ,"S CITY I .k V r l: fix i w METAL PRICES Lead (per lb.) Gold (per oz.). Copper -Zinc (per lb.) Silver (per oz.) new mined Features Mining, Oil, Financial Vol. 24, No. 7 13.5c $34.9125 ,24.2c 11.5c ....85.25c One Year $2.50 Salt Lake City, Utah, Fepruary 13, 1953 Lead, Zinc, Gold Output In Idaho Declines During 1952 Declining market prices of lead and zinc and a restriction on the use of electric power were the primary, factors contributing to a 6 per cent decrease in the output of lead and a 9 per cent decrease in the zinc production in Idaho, in 1952 compared to 1951, according to preliminary figures released by the Albany, Ore., office of the Bureau of Mines, United States Department of the Interior. Gold output in 1952 continued to decline (25 per cent) due chiefly to the closing of the Bradley Mining Companys operations in Stibnite, Idaho. Copper production of Idaho was increased 40 per cent in 1952, principally because of the output of the Calera Mining Companys recently opened Blackbird mine in Lemhi County. Silver output in 1952 remained opproxi-matelthe same, as in 1951. The closing of two of Idahos principal mines and 'the drastic k in operations of three other large mines were attributed to the declining lead and zinc prices in 1952. A power restriction in' the Northwest during November and December resulted in the curtailment of operations of several of Idahos major mines and smelters. In most cases it meant only a suspension of development work although some mines and smelters were forced to decrease production. The preliminary figures for 1952, used in this report, are based on reports by operators and receipts at. smelters, mints, and assay offices for 10 months of the year and on estimates of the production during November and December. METAL MARKET PRICES The average prices of gold and silver for 1952 have been established by the United States government at $35 per fine ounce for gold and $0.9050505 per fine ounce of silver. The average weighted price of copper used in this report is 24.3 cents per pound. The domestic price of copper was steady during 1952 and dose to the OPS ceiling of 24.5 cents per pound. The price of foreign tests copper jumped from 27 per pound, N.Y., during the first half of 1952, to 32 to 36 cents per pound following the intro- Continued on Page 2 y cut-bac- Huge Ruth Development On Schedule Nevada Copper Production Shows Substantial Gain Nevada Mines Division, Copper Corp., is doggeddeadly holding to its of for the Deep line completion JLuth project in White Pine Cbunty. J. C. Kinnear Jr., division general manager, reports that regardless of underground water troubles, the goal for finishe ing the $14 million 1954. is July, copper project And despite the floodings In 1952, the division made substantial progress not only at the Deep Ruth, but at the McGill reduction center and through its contract prospect at Kimberly pit near Lane City, Nev. Milling activities at McGill averaged 18,500 tons of ore daily with Consolidated. Copper-mine- s contributing part of the tonnage. The McGill smelter turned out 140,000 pounds of blister copper in 1952 for the Kenne-co- tt Copper account That includes about 77,500 pounds of copper from Nevada Mines Copper Flat (Ruth) open pit Some Utah Copper Division concentrates were reduced at McGill during 1952 as they were Ken-neco- tt mid-195- 4 low-grad- . in 1951. The Kimberly pit which will see mining of a ore body through block caving methods, saw conpletion of most of the needed surface installations .during 1952. New Idria - New HOLLISTER, Calif. & Chemical Co. is Idria Mining tons 150 of cinnabar roasting daily at its New Idria quicksil-- ver property 65 miles southeast of Hollister, including ore from some small mines operated by independent producers. Keeping pace with an intensive development program backed a by firm market for the metal, Nevada 1952 copper output rose! substantially over the 1951 yield, whereas, lead and zinc mines largely relatively high-co- st operations, under fluctuating metal-pric-e conditions failed to reach the production attained in 1951. Gold output, although bolstered by the yield from placer deposits and copper ore, decreased compared with 1951. Silver in 1952 reflected the decline in lead and zinc production and fell considerably below the previous year. The value of the five metals in 1952 was $40,013,850 or 3 per SAN FRANCISCO, Calif. cent lower than the value of C. Jackling of San FranDaniel $41,280,596 in 1951. Of the state cisco last has the satisfaction at total value in 1952, copper conof tributed 69 per cent, zinc, 13 seeing times catch up with him. The mining per cent,- gold, 10 per cent, lead 6 per cent, and silver, 2 per engineer, whose inventive and cent visionary nature unlocked the worlds low grade copper ores GOLD for is As indicated by preliminary nowcommercial exploitation, the fulfillment witnessing data ores, largely cop- of another dream of his. per, were the source of nearly That dream was to release the 55 per cent of Nevada gold pro- low grade iron ores of the Lake duced, placer mines furnished Superior region for commercial about 30 per cent and precious use. metal ore mines approximately The fulfillment can be read in 15 per cent. the story that Reserve Mining Again in 1952, the Kennecott Co. had solid $148,000,000 of Copper Corp. (Nevada Miness bonds to a group of insurance Division), Robinson district companies. Proceeds will be White Pine Cbunty, (copper applied toward construction of ore) lead in production of Ne- a big beneficiation plant which vada gold, and was followed in will pelletize the low grade order by the Natomas Co., op- taconite ore so that it can be erator of a bucket-lindredge in charged in blast furnaces. the Battle Mountain district, Jackling first gained fame Lander County, hampered a por- around the turn of the century tion of the year by difficult op- when he went to Utah 50 years erating conditions; Consolidated ago to look over a mountain of Copper Mines Corp., Robinson low grade copper ore for Cripple district White Pine Cbunty Creek mine operators. They or(copper ore); The London Ex- ganized Utah Copper Co. and tension Mining Company, put his large scale mining and open-pi- t mine, Bullion dis- milling projections to work at trict, Lander Cbunty, Nevadas the now celebrated Bingham, only major mine working gold Utah, open pit. Today, this man ore exclusively; and the Round made terraced canyon is one of Mountain (fold Dredging Com- the spectacles of the West. It pany, Round Mountain district is now owned by the Kennecott Continued on Page 2 Copper Company. Founder Of Utah Copper Still Active 83-year-- base-met- al . Ore Shipments Week Ending Feb. 7, 1953 BINGHAM DISTRICT, UTAH Combined Metals Reduction Co. 330 tons. U. S. Mines 8919 tons. Utah Copper (Kennecott) 977 cars daily average. PARK CITY DISTRICT, UTAH New Park 1548 tons. EUREKA DISTRICT, UTAH Chief Consolidated ore 13 cars. Dragon Consolidated ' day-- 10 85-to- n cara Mountain View ore 1 car. Empirae Mines ore 1 car. Courtesy J. A. Hogle & Co. -- Metal Yield In Oregon At Low Level Gold, silver, copper, lead, and zinc production in Oregon de- clined drastically in 1952 as it did in 1951, according to pre- liminary figures released by the Albany, Ore., office of the Bureau of Mines, United States Department of Interior. Rising costs of materials, labor, and transportation were the principal reasons given for this decline. The total value of the 1952 Oregon output (lode and placer) of the five metals was about $193,970 or 33 per cent less than the 1951 output valued at $290, 181. A bucket-lin- e dredge operated by the Powder River Dredging Company accounted for 73 per cent of the State gold. Well over 90 per cent of the total state production of copper, lead, and zinc came from, two mines, the Buffalo mine, near the town of Granite, Grant County, and the Champion mine, Bohemia District, Lane County. ; f ; ( PRODUCTION Gold production in Oregon declined 32 per. cent from 7927 fine ounces in 1951 to about 5414 fine ounces in 1952. The total value of Oregon gold production declined from $277,445 in 1951 to $189,490 in 1952. Rising material, transportation, and labor costs with no corresponding rise in the price of gold has been given as the reason for the continuing curtailment of both lode and placer gold production in Oregon. Over 90 per cent of the gold produced in the state was recovered by placer operations. The Powder River Dredging Company bucket-lin- e operations, near Sumpter, produced 73 per cent of the State gold and 80 per cent of the placer gold output in 1952. The Boaz Mining Companys Buffalo mine, near Granite, Grant County, and the Champion mine, Lane Coutny, operated by Harold E. L. Barton, were the principal lode producers of gold in Oregon in 1952. Copper, lead, and zinc production in Oregon declined drastically in 1952. The Champion mine in the Bohemia district, Lane County, operated part of the year producing gold and ore and accounted for 65 per cent of Oregons 1952 copper. zinc-coppe- r e Gold-acre- s , FOR SALE Rotary Trommel Dimensions 24 long by 4 feet wide. 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