MINES OF BATTLE MOUNTAIN, EAST GROUP. 
451 
The mine was shut down for about two months in 1903, owing to a general 
strike in the Cripple Creek district. The company resumed operations for a time, 
without, however, attaining the large ore tonnage shipped before the strike, though 
the grade of ore shipped was reported as somewhat higher. At present the mine 
is worked by lessees. 
PRODUCTION AND DIVIDENDS. 
The following table exhibits the production of the mine and the dividends 
paid, the figures being taken chiefly from the original prospectus and annual reports 
of the present company. As appears from this table, which probably does not 
include all that came from -the property under Stratton’s ownership, the mine has 
produced 723,095 ounces of gold, including some silver, worth nearly $14,000,000. 
The average sales value of the unrefined gold, computed from all available data, 
has been $19.24 per ounce. With silver at 50 cents per ounce, this value would 
indicate the presence of approximately 7 ounces of silver to every 100 ounces of 
gold, or about the relative proportion of the two metals found in calaverite. 
During the fiscal year 1903-4 Stratton’s Independence produced 43,758 tons 
of ore, with a gross value of $21,695 per ton. As the total cost of production 
amounted to $24.29 per ton, the mine was operated at a loss. 
Under the leasing system in force during the year 1904-5 the total quantity 
of ore shipped by the lessees was a little less than 50,000 tons, with a gross value 
of $1,978,800. The company received approximately $509,250 in royalties and 
cleared a net profit for the year of $457,093. Since the opening of the mine to 
lessees additional dividends amounting in all to $606,250, have been declared to 
date (November, 1905), bringing the total dividends paid by the present company 
up to $4,627,730. 
Production and dividends of Stratton’s Independence mine. 
Year. 
1891-1893 
1894 . 
1895 . 
1896 . 
1897 . 
1898 . 
1899 . 
1900 . 
1901 . 
1902 . 
1903 . 
Tons of 
ore ( 2,000 
pounds to 
the ton). 
Ounces of 
gold (un¬ 
refined) .« 
Average 
ounces 
per ton. 
Gross 
value.!* 
Divi¬ 
dends. b 
2,000 
5,000 
2.50 
$ 100,000 
5,159 
26,827 
5.20 
523,859 
9,007 
61,968 
6.88 
1,208,109 
7,125 
39,544 
5.55 
794,130 
10,024 
40,946 
4.08 
751,685 
8 ,379 
24,987 
2.98 
459,576 
} d 48,048 
} d 57,534 
f c 91,421 
] 150,296 
| 120,060 
| 102,588 
l < 59,458 
} d 3. 75 
} d 2.32 
} d 1.22 
1 
3,472,189 
2,573,373 
( $970,005 
] 1,778,345 
j 788,130 
} d 96,173 
2,274,108 
1 121,250 
) d 86,257 
} d 1.06 
1,761,379 
{ 363,750 
329,706 
723,095 
13,918,408 
4,021,480 
“The mine records give output as ounces of gold, taking no separate account of silver present. The average sales 
value of this unrefined gold is $10.24 per ounce. 
b In calculation, the pound sterling is taken as equivalent to $4.85. 
c May to December. 
d For fiscal yeaf from July 1 to June 30. 
e Output curtailed by general miners’ strike. 
