United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported an unaudited loss of $158,813 on revenues of $2,558,356 for the third quarter of 2013.
Antimony production from Mexico grew by 168% during the third quarter of 2013 compared to that of 2012. Antimony prices have stabilized at the $4.70 per pound of metal level.
— The increase in Mexican production has come from five operating
properties that ship direct furnace feed to USAC’s Madero smelter.— In addition, the Guadalupe property provides mill feed for the Puerto
Blanco flotation mill. Guadalupe has been shipping older dump rock that
has an average recovered grade of 2.6% antimony. Underground mining will
begin this week and is expected to produce more mill feed at a higher
grade.— Also, the Soyatal property is currently feeding the oxide circuit at
Puerto Blanco.
The Mexican smelter at Madero is running at 100% of capacity. Plans are underway to increase its capacity significantly.
At the Bear River Zeolite operation in Idaho, the profit during Q3 was $167,951 compared to a loss of $18,433 during the same period in 2012. The nine month profit for 2013 was $276,149 compared to $126,238 for the same period in 2012. New orders this fourth quarter are expected to boost production.
John Lawrence, Chief Executive Officer, commented, “The rapid growth of USAC’s Mexican production in the third quarter is accelerating in the fourth quarter.”
An investor call in will be conducted at 4:00 PM EST today, November 12, 2013. The dial in number is:
Toll free: 1-888-364-3108
International: 1-719-457-2645
Conference ID: 5930756
Forward Looking Statements:
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company’s operations, pending contracts and future revenues, ability to execute on its increased production and installation schedules for planned capital expenditures and the size of forecasted deposits. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company’s most recent filings, including Form 10-KSB with the Securities and Exchange Commission.
CONTACT: United States Antimony Corporation
John Lawrence, 406-827-3523
SOURCE: United States Antimony Corporation
