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Show Bingham Mines Have Profitable Year President James. P. Graves of the Bingham Mines Company in his annual report to the stockholders stock-holders of the company report a net operating gain of $216,507. 07 for the ear ending December Decem-ber SI, 1923. This gain was made after deducting de-ducting $91,048.38 for prospecting prospect-ing and development of the mines, but before making deductions deduc-tions for depreciation and depletion. de-pletion. Of the earnings $187,-000 $187,-000 was made during the last four months. The Dalton and Lark property also improved very much during the last month of the year and the prospects there are more encouraging daily. On December 31 the outstand ing stock of this company was 65,000 shares, the company having hav-ing purchased during the year 6297 shares at a total cost of $122,925, or at an average price of $19.52 per share. No dividends divi-dends have been received this year from the Eagle and Blue Bell Mining company. Combined shipments of the company from the Victoria, the American Star, the Eagle and Blue Bell at Eureka and the Dalton Dal-ton & Lark at Bingham amounted amount-ed to 55.561 tons which gave a net smelter return of $923,139.-84. $923,139.-84. Combined earnings of the com pany amounted to $272,003.85. making a grand total of $4,200, 912.31 since 1909. Outstanding features of the year's operations opera-tions were .the high-grade ore bodies in the Victoria mine, which contributed materially to earnings and the development of silver lead zinc deposits in the Dalton & Lark mine. |
