Santa Ana Mining Co. - 1900 dated Mining Stock Certificate
Inv# MS1191 Stock
Large size Stock printed by H.S. Crocker, S.F. Rare!! Great color! Gordon Jones~ Jack Gray~ Ernie Escapule and Pete O'Brian had formed the Santa Ana Mining Company to lease the Escapules' Santa Ana Mine southwest of Tombstone. The property encompasses a 35 acre State Trust Lands mining lease. The purpose of Santa Ana Mining Co. was to erect a cyanide leaching plant to treat Santa Ana and Bonanza Mines dump material and ore from the Santa Ana.
Cyanide Plant: A cyanide pad leach-zinc dust precipitate plant was constructed near the Santa Ana on State lease land. The operation was planned to handle 100 tons per day with a leach pad capacity of 30-35~ 000 tons. Material was to be crushed and screened to +1/4" - 2". Small lot pilot studies indicated a potential recovery of 700/0 of the silver values at a cost of between $15 - $25 per ton of material treated. Initial plans were to treat dump material~ then follow with ore from an open pit to be developed just east of the Santa Ana underground mine. It was expected to reach economically leachable ore at a depth of 25 to 50 feet. Read more at http://docs.azgs.az.gov/OnlineAccessmineFiles/S-Z/SantaanaCochise948.pdf
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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