The Old Bonanza Mines.

Thames Star, Volume XVII, Issue 5287, 30 December 1885, Page 2

The Old Bonanza Mines.

The California and Consolidated Virginia mines which first came into prominence about 1873, and which sable* quently turned out about $100,000,000 in bullion, and paid stockholders $81350,000, were consolidated under one management about a year ago. Under the, new organization the receipts for the eleven months ending October 1, 1885, were $383,45 439, and the disbursements §383,838 60, leaving a cash balance on hand of $1,229.18. For the past eleven months, there was 18 487 tons ore taken out from the old 1,200 and 1,300 ft. levels, all of which has been milled, yielding bullion of the assay value of $310,110, of which $175,171 was in silver and $134,939 in gold, being an average of $16 77. The only revenue that the eont* pany received from this output of oro was the royalty of 50c per ton, or $9,249, Tho remainder was taken by the contractor. In addition the company took out on its own account in the eleven months ending October 1, 1885, 20,442 tons ore, of which 19,677 tons was milled, yielding $330,354, of which $106,358 was in wlver and $223,996 in gold, being an average of $16 79 per ton. The total bullion output of the property for the eleven months ending October 1,1885, was therefore as follows:— '

This bullion was the output of 38,164 tons ore, which yields about §16.8 per ton.

lompany .. 223,996d015. 1(M5,358d015. 33Q,354<10hu tones'contract 134,939d015. 175,171d015. 310,U0dol». Total 358,935d015. 281,529d015. 640,464d01i.