| Show United Park City Mines Reports Net Loss of for Period Period C United Park City Mines Co I Park City district lead zinc i producer reports a net loss lose of for the first SIX months of ot 1960 S. S K Droubay vice Ioe president and general genera manager said laid this thU compares with a net loss ot of 80 80 for the first half haU of 1959 Profit and Loss LOll United Park City had a total in come coma of during the first six elx months of 1960 which includes ore OJe sales sal ot of and a loss ois of 1956 on the recently recently tabo Baker Nev Nov building stone tone quarry This compares ll with a total la In o e of ot for the first six oaths mouths of Qt 1 1966 w when tu ore sale alea reached r.-achell HtOO and no lOll losses were r reported on the stone quarry The Tike net working capital of or United Uni Ut- ted Park City declined from a as- as of June 30 1999 1969 to 1093 on oa June 30 SQ 1960 1 Mr lr Droubay said laid an n ac accelerated ed d exploration program together with continued depressed metal prices of at 12 cents a pound for lead and 13 cents for zinc line caused second sec coo ond quarter operating losses laMes toI to exceed first q quarter art r losses lONeS I Governmental aid ald through the theOffice theOffice theOffice Office of Minerals together together to to- gether with a Joint exploration program with Keystone Mining Co are now In effect and will wilt I considerably reduce exploration costs for tor the months ahead I Expense Increase I Government officials have not yet fit developed a promised long long- range rane minerals mineral program wh l is isso 80 so vitally needed i ded by the thi domestic lead sine mining companies It If they are to prosper Mr Droubay Droubay DroUbay Drou- Drou bay said United Park City aty took about the same sauze amount II in depreciation la Ira 1960 tint first halt ball But aut operating expenses expense la In the WO 10 period Increased ed to nO co compared with Freight sampling and assaying costs costa as U well as I administrative expenses expense virtually the same Mine Mme |
