Location

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

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