OCR Text |
Show GOLD1FELD CON. WILu, GET GOOD RESULTS In a communication accompanying chocks for dividend No. 15, paid April 30 last, stockholders of tho Consolidated Consol-idated Mines company wero notified that the directors of the company havo by resolution adopted at the last regular meeting, changed the company's com-pany's fiscal vear to coi respond with the calendar vear. Hereafter the fiscal fis-cal year will expire- on December 31 Instead of on October 31 as formerly. T conform with this change tho nn-nual nn-nual meetings of tho compos; will in tho future bo hold on the third Monday Mon-day in March, Instead of on tho second sec-ond Monday iu January Tho superintendent's report of production pro-duction and earnings for tho first calendar cal-endar quarter of 1012. with those for the month of March estimated, shows a treatment by the mill of 8G.G43 dry tons of oro and a gross value recovered recov-ered of $2,075,087.30. Operating costs for tho throe months amounted to $591.GS5 90, construction costs S40.000. ' and the net optraUng realization 31,-, ,113,401.31. With tho Inauguration of- regular shipments of high-grade, smelting ore from tho 1000-foot lo'ol( of the Clermont mino it Is probablo that the next quarter will stow ai I marlcod increase In tho company's in- "i come from Its operations. ' During tho month of April tho aver- . ago of oro treated was bolow the nor-, ! mal and profits were correspondingly! i curtailed. Tho performance sl ai . largo amount of now development' work at depth has rendered It ncces-' ncces-' snry, or at least advisable, to at onco . ' put through the mill a large tonnnago of low giade material which could not be treated profitably wore it sub- ! Jcctcd to a second handling. Tho mines still contain a vast amount dr oro of excellent grade and a recent discovery, montkmed in Suporlntcri- j dent Thorn's final report for March, ' ' Is of particular Interest. This was in the Combination mine, where a' so von-foot body of S2500 ore was pen.'. otraled b- two cross-cuts, sixty feet apart. Goldflold Tribune. ' f |