January 8, 2018. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported production.
Estimated sales for the month of December 2017 were as follows:
Product | December 2017 |
Antimony pounds | 76,868 |
Antimony tri-sulfide pounds | 6,226 |
Zeolite short tons | 909 |
Gold ounces | 24 |
Silver ounces | 7,040 |
Antimony sales were lower in December as an additional 98,851 pounds had been produced, but the customers did not want to take delivery until the first of 2018 due to inventory reasons. Otherwise, the antimony production would have been 175,719 pounds for the month. During December, USAC only received raw materials from North America containing approximately 36,600 pounds of antimony due to supplier maintenance issues. Normally this would have been approximately 110,000 pounds. Mexico provided raw materials containing approximately 44,284 pounds. In December, Mexico provided 55% of the raw materials.
Zeolite sales would have been higher, but a shortage of trucks prevented the delivery of another 451 tons of finished product.
Estimated sales for 2016 and 2017 we as follows:
Product | 2016 | 2017 | change |
Antimony pounds | 3,002,920 | 1,928,035 | -36% |
Antimony tri-sulfide pounds | 0 | 6,226 | +100% |
Zeolite tons | 13,466 | 12,353 | -8% |
Gold ounces | 108.1 | 124.62 | +15% |
Silver ounces | 38,123.46 | 29,147.9 | -24% |
Antimony production in 2017 was down due to the loss of raw materials from Australia.
Commodity prices for the year were as follows:
Commodity | Quote | 1 January 17 | 31 December 17 | Change |
Antimony metal pounds | Rotterdam | $3.33 | $3.71 | +11% |
Gold ounces | Comex | $1162.00 | 1291.90 | +11% |
Silver ounces | Comex | $16.409 | $16.745 | +0.34% |
Construction of the cyanide leach tailings pond at the Puerto Blanco mill for the leaching of the los Juarez tailings is underway for the placement of the plastic membrane. Equipment for the leach plant is being built in Montana.
CEO John Lawrence said “We are excited about the commencement of construction of the pilot leach plant for Los Juarez. Additionally, the Company added 30 new customers for the BRZ zeolite, and we expect to see sales grow during 2018. In the near future, we expect to announce our progress on several additional strategic and financial opportunities presented to the Company that do not involve dilution of any kind.
About U.S. Antimony
US Antimony is a growing, vertically-integrated natural resource company that has production and diversified operations in precious metals, zeolite and antimony.
Original Article: http://www.usantimony.com/2018_newsroom.htm
