Wilbert Mining Co. - Stock Certificate
Inv# MS1396 Stock
Utah
WILBERT MINING CO., LTD. IDAHO Office: 222 Kearns Bldg., Salt Lake City, Utah. Officers: A. S. Ross, pres. and gen. mgr.; J. A. Foley, sec.-treas.; D. J. Lennion, supt. Inc. 1907, in Utah. Cap., $1,000,000; shares $1 par; assessable; increased to $2,000,000 in February, 1918. Annual meeting in May. Stock transferred at company's office. Listed on Salt Lake Stock Exchange and New York Curb. U. S. Corporation Co., New York, transfer office. Assessment No. S of 1 cent per share was levied June, 1919. Dividends: $10,000, Nov. 15, 1915; $40,000 in 1916; and $40.000 in 1917 and $30,000 in 1918. Financial Statement, years ending May 1: Cash Year Revenue Expenses Dividends Balance 1918 $165,961 $135,961 $30,000 $925 1917 181,389 128,475 40,000 12,914 1916 40,000 42,467 Property: 16 patented claims, plus those of the Wilbert Annex, in the Dome mining district, 40 miles from Arco, Butte county. Geology: the claims show Cambrian quartzite cut by a fissure vein that contains lead and silver ore, mostly of concentrating grade. The top of the vein has been folded into a nearly horizontal bed, worked by quarrying. The main ore-shoot has been followed to a depth of 800' and is sloped out from No. 5 level to the surface. Development: by 800' incline shaft and extensive lateral workings. Recent work has been concentrated on the 500' level. Equipment: most of the surface plant, including a 100-ton mill, was burned in August, 1918. It will probably be rebuilt. Production: for year ending May 1, 1916, was 15,204 tons crude ore, assaying 25% lead and 3.86 oz. silver, which yielded by sorting and concentration, 5,787 tons, assaying 52% lead and 8 oz. silver. Costs were $3.56 per ton. In 1916-'!7, the mill treated 6,981 tons of 18.7% lead and 4.9 oz. silver ore, yielding 1,758 tons of concentrate, assaying 54.2% lead and 15.3 oz. silver. Extraction was 72.9% and 78.6%, respectively. Milling costs were $1.89 per ton. WILBERT ANNEX MINING CO. IDAHO Bought out, 1919, by Wilbert Mining Co., which see.
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