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Collection: Directories and Documents > Pamphlets

Annual Report of the Brunswick Consolidated Gold Mining Company (PH 16-10)(01-22-1914) (18 pages)

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Report of Vice President and General Manager San Francisco, Jan. 22nd, 1914. To the President and Board of Directors of the Brunswick Consolidated Gold Mining Company— : Gentlemen:— Herewith I submit the report of our operations for the year ending Dec. 31st, 1913: GENERAL, The past year has been one of accomplishment, and the stockholders are to be congratulated upon the prosperous condition of the company. The total production for the year was $208,359.25 and the total expenditures, including additional buildings, equipment, etc., were $147,683.80, leaving a profit of $60,675.45 from mining operations, most of which was made in the last seven months of the year. The present outlook is promising enough to justify the prediction that the mine will make an even better record of production and profits for the current year. The average operating expense has been increased during the year, due to several factors, among which are: 1. An increase in the amount of development done, including shaft sinking. 2. Additions to equipment charged to operating accounts. 3. Increasing inaccessibility of ore as stoping work advances above the 1250 level, necessitating more handling to get it into the ore chutes. 4. Mining ore cleaner than heretofore. The total ore sent to the mill was 15,334 tons, or an average of 1278 tons per month or say 42.5 tons per day. With such a small tonnage, the costs per ton are necessarily high. It would be an easy matter to materially increase this tonnage and effect a marked decrease in the costs per ton, but it would be at the expense of the grade of ore treated. The management, after a careful review of the situation, has deemed it best to continue the policy of restricting the tonnage and sending the ore to the mill with as little waste rock as possible, especially in view of the fact that to do otherwise would crowd the mill beyond its capacity for efficient work. The justification of this policy is shown by the fact that, while the costs per ton have been increased, there has been a corresponding greater increase in the profit per ton. MINE. Twelve hundred and nineteen tons of low-grade ore were taken out by tributers from the old mill shoot, but the balance of the ore Mined came from No. 4 ore shoot, tributers taking out 2130 tons, and the company 11,985 tons. From 15 to 22 tributers have been working in the Mine, 3.