Detailed/More Info:
Golden Cycle
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Info Database Last Updated 28.10.2020 (Entity News entries: 30)
Type/Category of Info:
Article
Info Source From:
The Morning Times, December 31, 1899. Volume: 9 [IX], Issue No.: 24
Info found on page:
7 (3)
Info Title:
1899 Dividends for Golden Cycle
During 1899 it was paid in Dividends by the Golden Cycle—
graphic for visual presentation of textJanuary……………………$10,000
graphic for visual presentation of textFebruary.................... 10,000
graphic for visual presentation of textMarch........................ 10,000
graphic for visual presentation of textApril........................... 10,000
graphic for visual presentation of textMay............................ 10,000
graphic for visual presentation of textJune............................ 10,000
graphic for visual presentation of textJuly…........................... 10,000
graphic for visual presentation of textAugust......................... 10,000
graphic for visual presentation of textSeptember................... 10,000
graphic for visual presentation of textOctober........................10,000
graphic for visual presentation of textNovember.................... 10,000
graphic for visual presentation of textDecember..................... 10,000
graphic for visual presentation of textTotal…........................$120,000

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Above Info was Last Updated on 24.07.2020 (16:27:38)
Above Info was First Seen 22.07.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining World, November 28, 1901. Volume: 10 [X], Issue No.: 19
Info found on page:
2
Info Title:
Golden Cycle October Shipments
During the month of October, the Golden Cycle forwarded 1,500, shipping but half of the month.
Above Info was Last Updated on 04.07.2020 (12:12:46)
Above Info was First Seen 04.07.2020

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, January 10, 1903. Volume: 75 [LXXV], Issue No.: 2
Info found on page:
97
Info Title:
Golden Cycle News
Golden Cycle Mining Company.
graphic for visual presentation of text There is about $1,500,000 worth of ore in sight in the mine, and the greater part of the earnings are coming from development work. A large part of the company's acreage has not yet been explored.
graphic for visual presentation of text
graphic for visual presentation of text The shaft will be sunk another 200 or 300 ft. the first of the year, and the stockholders are looking forward to a more prosperous year than the one just past. The annual meeting of the stockholders takes place on January 29.
Above Info was Last Updated on 29.04.2019 (23:21:30)
Above Info was First Seen 01.02.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, January 17, 1903. Volume: 75 [LXXV], Issue No.: 3
Info found on page:
131
Info Title:
Golden Cycle Mining Co. Stuff
Golden Cycle Mining Company.—The directors have declared a monthly dividend of 1 per cent per share, making $15,000. Hitherto the monthly dividends have been ¾ cent per share, or $11,250 per month. The outlook on and the large treasury reserve justify the new rate. The litigation between the directors is progressing without much excitement.

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Above Info was Last Updated on 04.05.2019 (23:30:56)
Above Info was First Seen 04.05.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, February 21, 1903. Volume: 75 [LXXV], Issue No.: 8
Info found on page:
310
Info Title:
Golden Cycle Mine Down Thousand Feet
Golden Cycle Mining Company—The large working shaft is down 1,000 ft., and will probably go to 1,200 ft. in the immediate future. The matter of the ap­pointment of a receiver is still pending.
graphic for visual presentation of text A short time ago the directors increased the monthly dividend to 1.5c. per share. The property is said to be in very good shape.

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Above Info was Last Updated on 01.04.2019 (12:00:47)
Above Info was First Seen 31.03.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, March 7, 1903. Volume: 75 [LXXV], Issue No.: 10
Info found on page:
385
Info Title:
Golden Cycle Mining Company Might Change Control Soon
Golden Cycle Mining Company—It is reported that a change in the control may soon occur. It is un­derstood that W. H. Reynolds, of Brooklyn, N. Y., is soon to have an option on the control of the stock.
graphic for visual presentation of text At present the stock is controlled principally by J. T. Milliken, of St. Louis, Mo., several other Eastern men and G. E. Ross-Lewin, of Denver, and L. E. Hill, of Colorado Springs.
graphic for visual presentation of text The probable price per share is unknown, but is understood to be somewhere around 90c. per share.

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Above Info was Last Updated on 07.04.2019 (12:23:11)
Above Info was First Seen 07.04.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, March 28, 1903. Volume: 75 [LXXV], Issue No.: 13
Info found on page:
497
Info Title:
Golden Cycle Mining Company Dividend
A telegram from William P. Bonbright & Co. says that an extra divident of 3,5c. was declared by the Golden Cycle directors on March 21, making a total of 5c., payable March 25.
graphic for visual presentation of text This will cut the treasury reserve to about $30,000, but President Milliken claims there is ore broken in the mine at present amounting to $150,000, which can be marketed immediately the mine resumes operations.

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Above Info was Last Updated on 15.04.2019 (22:41:40)
Above Info was First Seen 04.02.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, March 28, 1903. Volume: 75 [LXXV], Issue No.: 13
Info found on page:
497
Info Title:
Golden Cycle Mining Co. Expands
Golden Cycle Mining Company.
graphic for visual presentation of text At a recent meeting the directors decided to purchase from John T. Milliken, president of this company, 10 acres of ground adjacent to the company's property.
graphic for visual presentation of text The claims consist of the Aluminum, Fedora and Lone Star, lying just west of the Golden Cycle. They formerly belonged to the Gold Knob Mining and Townsite Company, and were purchased by Mr. Milliken some time ago for $27,250.
graphic for visual presentation of text It is reported that the company intends to develop this territory.

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Above Info was Last Updated on 15.04.2019 (22:41:11)
Above Info was First Seen 04.02.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, April 4, 1903. Volume: 75 [LXXV]
Info found on page:
537
Info Title:
Golden Cycle closed due the Strike Situation
The situation is somewhat improved, but not yet settled. A number of concessions have been made by both sides. At present it seems as though the strike at the Standard mill would be settled, as all the demands of the union men at the mill have been met with, except as to the reinstatement of some of the striking mill men. If the trouble is not settled very soon a number of mines will have to close from having no marked for their ore.
graphic for visual presentation of text
graphic for visual presentation of text At present the Golden Cycle mine is shut down due to the strike.

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Above Info was Last Updated on 15.04.2019 (23:57:18)
Above Info was First Seen 31.01.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, April 11, 1903. Volume: 75 [LXXV], Issue No.: 15
Info found on page:
574
Info Title:
Golden Cycle Expecting to Soon Resume Work
Golden Cycle is expecting to soon resume work after the millmen's strike settlement, which makes everything look brighter in the Cripple Creek District. The settlement is a matter of congratulation, as a general strike would probably have resulted in a complete tie-up for a long time.

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Above Info was Last Updated on 17.04.2019 (14:50:49)
Above Info was First Seen 17.04.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, May 9, 1903. Volume: 75 [LXXV], Issue No.: 19
Info found on page:
725
Info Title:
Golden Cycle Mining Company Doing Good
Golden Cycle Mining Company.—This property is steadily producing a large quantity of fair-grade ore. The litigation does not interfere with the production, as the litigation is between the majority and minority stockholders. Messrs. Milliken and Hill are the principal majority stockholders, and Messrs. F. J . Campbell and Tucker Ballard & Co. are the principal minority stockholders. A. T. Holman is in charge.

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Above Info was Last Updated on 20.04.2019 (16:43:40)
Above Info was First Seen 20.04.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, June 6, 1903. Volume: 75 [LXXV], Issue No.: 23
Info found on page:
872
Info Title:
Golden Cycle Mining Co. Fight Among Stockholders Suit
Golden Cycle Mining Company.—The suit between the majority and minority stockholders has been heard before Judge Lewis in Colorado Springs this week. The suit is principally for the appointment of a receiver and is the result of quarrels between the directors. The mine is in splendid condition, and is shipping a large amount of ore.

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Above Info was Last Updated on 22.04.2019 (11:38:26)
Above Info was First Seen 21.04.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, June 6, 1903. Volume: 75 [LXXV], Issue No.: 23
Info found on page:
872
Info Title:
State School of Mines Visit to the Golden Cycle Mine
Golden Cycle mine, through the courtesy of the management, was visited the first part of the week by the senior class of the State School of Mines upon their annual tour of the mining districts of the State. The class, which numbered 27, was in charge of Profs. Hill, Stockton and King.

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Above Info was Last Updated on 22.04.2019 (12:45:33)
Above Info was First Seen 21.04.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, June 20, 1903. Volume: 75 [LXXV], Issue No.: 25
Info found on page:
946
Info Title:
Golden Cycle Suit Progressing in Colorado Springs
Golden Cycle.—The suit brought by the minority stockholders against the majority is still in progress in Colorado Springs. The evidence of the plaintiffs has been submitted. Affairs at the mine continue very satisfactory.

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Above Info was Last Updated on 29.04.2019 (15:53:36)
Above Info was First Seen 27.04.2019

Type/Category of Info:
Special/Editorial Correspondence
Info Source From:
The Engineering and Mining Journal, November 20, 1909. Volume: 88 [LXXXVIII], Issue No.: 21
Info found on page:
1039
Info Title:
Golden Cycle Sale Rumors
Denver Nov. 15—In the Cripple Creek district, vague rumors are being circulated as to a proposed sale of the Golden Cycle mine and mill for $12,000,000, the story being accompanied, as usual, by hints of a tremendously rich strike in the 1300 level.

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Above Info was Last Updated on 21.05.2019 (08:42:43)
Above Info was First Seen 20.05.2019

Type/Category of Info:
General Mining News
Info Source From:
The Engineering and Mining Journal, November 27, 1909. Volume: 88 [LXXXVIII], Issue No.: 22
Info found on page:
1089
Info Title:
Golden Cycle Resumes at Full Capacity
Golden Cycle—The mine, which has been closed for a month for repairs, has resumed operations at full capacity.

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Above Info was Last Updated on 28.05.2019 (19:26:14)
Above Info was First Seen 28.05.2019

Type/Category of Info:
Special/Editorial Correspondence
Info Source From:
The Engineering and Mining Journal, November 4, 1911. Volume: 92 [XCII], Issue No.: 19
Info found on page:
910
Info Title:
Golden Cycle Background and Present Litigation Issues
Denver Oct. 24—The Golden Cycle is the most productive of the Cripple Creek mines today. It is situated at the foot of Bull hill on the southern slope and is in the breccia area. In 1895, then known as the Legal Tender, it was reported on by W. Weston, then ore buyer for the Metallic Extraction Company's mill, at Florence, of which Philip Argall was manager, the owner being D. H. Moffat and associates, and the Golden Cycle Mining Company was organized.
graphic for visual presentation of text It struck pay ore six weeks after the company commenced operations and has paid ever since. Moffat and his friends sold out at an immense profit to the present company, of which John T. Milliken is general manager.
graphic for visual presentation of text Today it is recorded that the largest dividend in the history of the district has been paid, the money disbursed amounting to $1,500,000; this constitutes an extra dividend, the regular monthly dividends being $30,000 additional.
graphic for visual presentation of text The mill handles 1000 tons per day, and it is stated that there are 400,000 tons of $25 ore blocked out in the mine. With an example like this, of a good mine and good management, there is little wonder that mining is once again becoming the favorite form of investment and that the dead mines are being resuscitated and the living ones rejuvenated all over the State.
graphic for visual presentation of text
graphic for visual presentation of text However, as usually occurs with some first-class mines which are paying handsomely, they become a target for litigation, and the announcement of the large dividend was followed the next day by one to the effect that the Christmas company, practically the men owning the Vindicator, had entered a suit for about $2,700,000 against the Cycle company, alleging that the latter has taken ore to that amount from veins that, while they were within the vertical side lines of the Cycle property, have their apexes within the side lines of the Vindicator.
graphic for visual presentation of text It is alleged in the complaint that the extraction of the ore has been going on for many years. If this is true they must have, or should have, known it, and the question arises, why did they not make some effort to stop it before, instead of waiting till now to start the suit?

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Above Info was Last Updated on 27.03.2019 (20:20:11)
Above Info was First Seen 27.03.2019

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, August 2, 1913. Volume: 107 [CVII], Issue No.: 5
Info found on page:
201
Info Title:
Golden Cycle Water Issues
A pocket of water, or a small watercourse, was opened on the 1600-ft. level of the Golden Cycle shaft last week, and in order to keep the electric pumps above water it was necessary to start up the steam pumps.
Above Info was Last Updated on 23.10.2019 (21:31:20)
Above Info was First Seen 23.10.2019

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, October 18, 1913. Volume: 107 [CVII], Issue No.: 16
Info found on page:
629
Info Title:
Golden Cycle Pumps Still Safe From Coal Strikers
The pumps at the Golden Cycle mine are supplied with power from the Arkansas Valley Railway, Light & Power Co., which has a coal reserve of nearly 18,000 tons to provide against a possible shortage due to the strike of coal miners.
Above Info was Last Updated on 18.11.2019 (14:01:05)
Above Info was First Seen 18.11.2019

Type/Category of Info:
Article
Info Source From:
The Mining and Scientific Press, November 8, 1913. Volume: 107 [CVII], Issue No.: 19
Info found on page:
734
Info Title:
Depth of the Golden Cycle M. Co's Shafts
Golden Cycle M. Co., main shaft, on Bull Hill, is now 1700 ft., and the Theresa mine shaft is down 1200 ft.
Above Info was Last Updated on 26.11.2019 (10:27:34)
Above Info was First Seen 20.11.2019

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, December 6, 1913. Volume: 107 [CVII], Issue No.: 23
Info found on page:
907
Info Title:
Golden Cycle Cave-In
On December 1 a cave-in occurred in the Golden Cycle mine, and three men were entombed. Strenuous efforts are being made for their release.
Above Info was Last Updated on 26.01.2020 (13:02:10)
Above Info was First Seen 26.01.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, December 13, 1913. Volume: 107 [CVII], Issue No.: 24
Info found on page:
946
Info Title:
Golden Cycle Cave-in Give Little Hope for Entombed Men
The accident in the Golden Cycle mine, referred to in the last issue of this journal, occurred on La Bella vein, about 600 ft. north of the main shaft, and the slide is said to have affected a mass 200 ft. wide and 1000 ft. deep.
graphic for visual presentation of text Thomas Henehan and James Stewart, state commission of mines and mines inspector, respectively, have inspected the mine and are assisting rescue operations. Wonderful results have been made by the men at this work, but there is little hope for the entombed men.
Above Info was Last Updated on 27.01.2020 (01:21:45)
Above Info was First Seen 26.01.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, December 20, 1913. Volume: 107 [CVII], Issue No.: 25
Info found on page:
986
Info Title:
Golden Cycle Sadness from Snow till Rock Fall
A great deal of damage was done to the district by the recent snowstorm, by covering all railroads and trails several feet deep, damage to transmission lines and telephones, blowing over smokestacks, and preventing ore shipments. The electric pumps on the 1600-ft. level of the Golden Cycle mine were 'drowned,' and the steam pumps are not used on account of shortage of fuel.
graphic for visual presentation of text The lower levels of this mine and the Vindicator will be flooded.
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graphic for visual presentation of text Rescue work in the Golden Cycle has been prosecuted with great energy since the fall of rock, and the bodies of S. Sorensen, P. Kevany, and F. M. Woods have been recovered.
Above Info was Last Updated on 27.01.2020 (02:07:12)
Above Info was First Seen 27.01.2020

Type/Category of Info:
Article
Info Source From:
The Mining and Scientific Press, April 26, 1919. Volume: 118 [CXVIII], Issue No.: 17
Info found on page:
570
Info Title:
Flotation at Cripple Creek
Flotation at Cripple Creek
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graphic for visual presentation of text The annual report of the Vindicator Consolidated Gold Mining Co. contains the following data regarding its milling operations during 1918:
graphic for visual presentation of text
graphic for visual presentation of text On company account there was hoisted 230,304 tons of crude ore, averaging $6.15 per ton. Of this quantity, 6.67% was sorted out and sent to the Golden Cycle mill at Colorado Springs. All rejects from ore-dressing operations and the Golden Cycle shaft ore-house are delivered to the flotation plant, where they are screened and all coarse waste rejected, and the residue sent to the flotation-plant crusher.
graphic for visual presentation of text During the year there were sent to the flotation plant from all sources 222,626 tons of ore, of in average assay-value of $2.13 per ton. Of this, 176,623 tons, assaying $1.42 per ton, was rejected by screening, and 46,003 tons valued at $4.18 sent to the flotation plant crusher.
graphic for visual presentation of text There was shipped from the flotation plant 6209 tons of concentrate having a gross value of $206,255, equal to $34.21 per ton, and a net value after marketing charges of $171,038.
graphic for visual presentation of text After the deduction of all operating costs the net profit from this source amounted to $27,955. The royalty paid on flotation rights was $2578, equal to 5,5 cents per ton on 46,003 tons so treated.
Above Info was Last Updated on 07.03.2020 (08:23:38)
Above Info was First Seen 06.03.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, July 12, 1919. Volume: 119 [CXIX], Issue No.: 2
Info found on page:
64
Info Title:
Vindicator Mine & Company Recent News
Three important discoveries have been made by the Vindicator company during the past two weeks, according to the statement by the general manager, George Stahl.
graphic for visual presentation of textThe first at the 1900-ft. level of No. 1 or main shaft of the Vindicator, is in ground south-east of the Lillie mine, formerly owned by the Lillie (C.C.) Gold Mining Co. of England, since defunct. The new vein is 10 ft. between walls, carries ore that will make screenings worth $30 per ton.
graphic for visual presentation of textThe second discovery was made at the 1700-ft. level of the Golden Cycle shaft, corresponding to the 1900-ft of Vindicator No. 1. The vein is believed to be the same, but the ore was found 500 ft. east of the original discovery.
graphic for visual presentation of textThe third orebody has been found on the 1400-ft. level, north of Vindicator No. 1 shaft, where one of the so-called 'townsite' veins, lying under the town of Independence, has been encountered, north-west of the shaft.
graphic for visual presentation of text All three discoveries are in virgin ground, with no work above or below, or near to these points.
graphic for visual presentation of text Vindicator shares have been active during the past week, and advanced 20 cents.
Above Info was Last Updated on 07.03.2020 (22:40:54)
Above Info was First Seen 07.03.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, February 21, 1920. Volume: 120 [CXX], Issue No.: 8
Info found on page:
279
Info Title:
Golden Cycle Discovery Reported by Vindicator Consolidated Gold Mining Co.
The Vindicator Consolidated Gold Mines Co. reports the discovery, at the 18th level in the Golden Cycle, of the Lillie vein, a part of the Vindicator system.
graphic for visual presentation of text Eighteen inches is sampling from $15 to $30 per ton and 1,5 in. from 5 to 10 oz. gold.
Above Info was Last Updated on 24.02.2020 (16:13:36)
Above Info was First Seen 24.02.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, June 4, 1921. Volume: 122 [CXXII], Issue No.: 23
Info found on page:
790
Info Title:
Lessees in High-Grade Ore in Golden Cycle Shaft
High-grade are has been opened by lessees on the fourth level of the Colden Cycle shaft of the Vindicator company.
Above Info was Last Updated on 23.02.2020 (16:11:25)
Above Info was First Seen 23.02.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, July 9, 1921. Volume: 123 [CXXIII], Issue No.: 2
Info found on page:
70
Info Title:
Lessee Believed to Find Extension of Ore-Shoot in Golden Cycle
Lessee Fish of the Vindicator Consolidated, operating a block of the Golden Cycle mine, extending from 600-ft. level to the surface operating through the Longfellow shaft on the Stratton estate, has opened what is believed to be the south-western extension of the rich Hayes ore-shoot.
graphic for visual presentation of textA drift has been carried about 50 ft. on a good grade of ore, with rich seams of sylvanite in four to six feet of vein matter.
graphic for visual presentation of text The ground to the surface is virgin and the lease, should the shoot extend upward, will be a fortune-builder.
Above Info was Last Updated on 13.02.2020 (09:54:57)
Above Info was First Seen 12.02.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, August 13, 1921. Volume: 123 [CXXIII], Issue No.: 7
Info found on page:
237
Info Title:
Vindicator Consolidated Co. Workings
The Vindicator Consolidated company is extending a lateral north-west from the 19th level of the Golden Cycle shaft, corresponding to what will be the 20th level of the Vindicator No. 2. The objective is the present terminal point of the Roosevelt deep-drainage tunnel, some 3000 ft. distant. Negotiations looking to extension of the tunnel are under way, but no agreement has as yet been reached.
graphic for visual presentation of text The Vindicator is now raising water from the Golden Cycle, but with the tunnel-connection completed this heavy cost will be eliminated. Development of the rich shoot on the Lillie vein at the 2000-ft depth on the Vindicator continues from the Cycle cross-cut, and, with the raise through to the Vindicator shaft, sinking will be started in ore as the rich vein extends to the shaft station.
graphic for visual presentation of text The extension of the tunnel rests with other companies owning property in the Bull Hill area, who are expected to contribute to the general cost, estimated at $80,000. The Vindicator company, however, will extend the deep lateral to its end-line at its own expense.
graphic for visual presentation of text The Vindicator at the present time is draining the Bull Hill area, and it feels that property owners should contribute toward the tunnel extension through other than Vindicator holdings.
Above Info was Last Updated on 16.02.2020 (21:57:12)
Above Info was First Seen 16.02.2020

Type/Category of Info:
General Mining News
Info Source From:
The Mining and Scientific Press, October 29, 1921. Volume: 123 [CXXIII], Issue No.: 18
Info found on page:
616
Info Title:
Golden Cycle Working the Vindicator
Connection through to the 20th level station has been made at the Vindicator No. 2, or main shaft, and timbering is in progress.
graphic for visual presentation of textIncreased production from the rich Lillie ore-shoot, opened up while cross-cutting under the Vindicator shaft from the 1800-ft. level of the Golden Cycle will follow.
Above Info was Last Updated on 19.02.2020 (09:45:47)
Above Info was First Seen 18.02.2020