U.S. Antimony Reports Strong Zeolite Sales
United States Antimony Corporation ("USAC", NYSE MKT "UAMY") reported strong production at the Bear River Zeolite mine which increased from 3,072 tons in Q1:16 to 4,236 tons in Q2:16, an increase of 36.8%. Growth can be attributed to the new production line for granules and fines and increased sales.
Following are the sales estimates for June:
|BRZ zeolite tons||1,549|
|Gold from Australia ounces||83|
|Gold from North America ounces||21.59|
|Silver from North America ounces||8,222|
Antimony production was slightly lower due to the startup of the recovery of gold from Australian concentrates. During the month of June, the Rotterdam price for antimony firmed from $6,150.00 per metric ton ($2.79 per pound) to $6,750.00 ($3.06 per pound) by the end of the month, an increase of $600.00 per ton ($0.27 per pound). The price is now approximately $3.15 per pound in the United States.
The Environmental Permit ("MIA" the equivalent of an Environmental Impact Study) and a "Risk Analysis" for the cyanide leach plant at the Puerto Blanco mill site in Guanajuato, Mexico was filed with SEMARNAT (the Mexican equivalent of the EPA). The plant will recover gold and silver from the tailings of the flotation mill. Based on the latest mill test of 140 metric tons from the Reynaldo pit at Los Juarez anticipated overall recoveries using the cyanide circuit are as follows:
CEO John Lawrence said "the Los Juarez permitting is in the hands of SEMARNAT, and they should respond within 60 working days. The sourcing of equipment is now underway for the cyanide leach plant. Following the permitting, the plant will be installed and very cautious testing will begin to confirm the metallurgy, engineering, and the training of personnel. The increase in the price of antimony and volume of zeolite sales should help fund the Los Juarez leach plant to expand silver and gold production."
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.
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.
United States Antimony Corporation
John Lawrence, 406-827-3523