November 5 2018. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported that most of the equipment for the Puerto Blanco leach plant has been built in Montana and is ready to transport. Projects remaining include finishing the tailings pond, wiring, plumbing and completing the building. Hopefully, testing should begin at the end of this year. The Los Juarez gold, silver, and antimony property is regarded as potentially the largest corporate asset and has been on hold due to metallurgical and permitting delays.
At the Sierra de Guadalupe Mines in Zacatecas, Mexico there are now eight contractors and we believe more on the way. Production could eventually rival Wadley which is geologically very similar. At the Soyatal District in Queretaro, Mexico, mining has been slower due to the need for explosives. An explosives license is being pursued. Equipment is being delivered to the Wadley Mine to increase production. The latest acquisition is a -5 ton truck to transport ore from the mine down to the Herradura mill for crushing and sampling. The mine delivers a load of ore each Monday to Madero.
Progress on the dismantling and transportation of the Great Lakes Chemical Corporation, LANXESS Holding Company US Inc. antimony plant in Reynosa, Mexico is estimated at 50% completion.
Estimated production for September and October 2018 is as follows:
Product | October 2018 | September 2018 | % change |
Antimony pounds | 141,166 | 123,485 | +14.3% |
Zeolite tons | 1,394 | 1,065 | +30.9% |
Despite a reduction in raw material supplies from North America, USAC has sustained production as a result of our Mexican mines.
The average Rotterdam price for antimony metal during October 2018 was $8,293 per ton or $3.76 per pound. The average price during September 2018 was $8,393 per ton or $3.80 per pound, a decrease of 1.06%.
CEO John Lawrence said “ We are looking forward to more production from Guadalupe and the commissioning of the Puerto Blanco mill to begin gold, silver, and antimony production from the Los Juarez deposit.”
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
