THE AMERICAN SILVER MINES.

Inangahua Times, Volume XI, Issue 1648, 4 January 1886, Page 2

THE AMERICAN SILVER MINES.

We are indebted to Mr Burnt for some interesting figmvs from the l»i-jr silver mines of the Western Staffs. They go to show the mmsnal wealth which has heen won in silver mining, I even upon s>»all average yields as comparer! to those we are accustomed j to on the Barrier, smi they also afford a hy no means unlikely prospect of the returns that may l>e looked for here from i he best of the mines when the lower levels are reached and systematic work liecomed the rule. The statistics referred to are as follow : The Ontario B.M. G>\, Utah, has sine* 1866, to Dec, 1884. product 147,606 tons of ore on an average value of £19 14s per ton ; dividends were declared of a total value of £1,210,000. Last year the mine gave twelve monthly dividends of £15,000, or a total of £180,000. Hornsilver mine, also in Utah, from Feb., 1876, to Dec, 1884, produced 210,000 tons of ore, of an average value of £10 8 pel ton. Tile total dividends have been £800.000. Last y<a>" the value of the ore raised was £406,750, giving four dividends of £60,000 each. Th<- Crescent mine. Park City, Utah in 1883 so!<l 11,574 tons of ore at I*6 a ton. The total c^sc of raising, including dead work afc the mine was £3 7« 21. Cn 1884 the mine produced 12,748 tons, which wa« also at a gross average price of £8 7* 2d per ton, le:vvino a profit O* er COSt of raising of £1 6s Id per ton. The Richmond Consolidated Eureka, Nevada (hold erti'»lv in London) ! linving a capital of £270.00?!. hag <riV'M» j to if* shareholders tin to June, ISBS, in dividends £808,517. The profit for 1888-84 was €30,146, and for 1884 85 £35,667. The average gross yield of the ore raised last year was £10 73 3d per ton. The expense of mining in 1888 84 averaged £8 5s 5d per ton, and in 1884 85 £2 7s per ton. Smelting charges during the former year averaged £2 7s per ton, and for latter £2 Is 8d per ton. The Golden Crown in 1884 pro Inced 9921 tons of rough or<\ the iverage value of which was £26 Ids >er ton. During sam« year the Colorado Snu'ltiner Works purchased from varinns nines 7485 tons of ore, which yielded iilver and lead to the value of £101, 534. The great Comstnck lode produced n 20 yearn, up to 1884. £36.000,000 n silver and £29,000,000 it. e .>ld. ami if these enormous stuns £24,000,000 : vas paid in di vie ends.