per ton, $18 33; showing a net yield of $6 53. The following table shows the number of tons of ore worked and bullion yield for each month of the fiscal year ending May 31, 1870: Report of the Sierra Nevada for the year ending January 1, 1871. The above exhibit is the most favorable ever made by this company, and its future prospects are as flattering as have been the results for the past year. Prudent management has at last been able to make this mine profitable. Report of the Gold Hill Quartz Mining and Milling Company for the year ending January 1, 1871. The receipts for the year amounted to $87,192, of which $17,287 was from bullion produced; $27,206 from the operations of the mill; and $15,000 from two assessments, levied in May and September. The disbursements embraced $42,210 for milling, $6,868 for mining, $9,083 for improvements, and $5,661 for general expenses. The assets consist of book accounts to the amount of $12,939, against which there are liabilities amounting to $9,560, showing a surplus of $3,379. Report of the Overman for the year ending July 1, 1870. Balance on hand July, 1869 Bullion RECEIPTS. $8,032 33 482, 433 72 There were extracted 40,021 tons, and reduced 30,885 tons, yielding $15 02 per ton. The capital stock has been changed from $1,600,000, divided into 3,200 shares of $500 each, to $1,280,000, divided into 12,800 shares of $100 each. Report of the Savage for the year ending July 11, 1870. Statement of product of bullion, dividends, and assessments of the various mines on and near the Comstock lode during the first three months of 1870, together with the aggregates of the same period during the four preceding years. |