U.S. Antimony Reports Production
United States Antimony Corporation ("USAC", NYSE MKT "UAMY") reported the following sales estimates for July 2016:
|BRZ zeolite tons||1,192|
|Gold from Australia ounces||76.6|
During the month of July, the Rotterdam price per metric for antimony firmed from $6,575.00 ($2.98 per pound) to $6,950.00 ($3.15 per pound) by the end of the month, an increase of $375.00 per ton ($0.17 per pound). Mexican mine production is being ramped up to provide more smelter feed to Madero.
The Environmental Permit for the cyanide leach plant at the Puerto Blanco mill site in Guanajuato, Mexico is being reviewed by SEMARNAT (the Mexican equivalent of the EPA). When SEMARNAT issues the permit the mill will recover gold and silver from the tailings of the flotation mill. An additional mill test was conducted on approximately 50 metric tons as follows:
|Date||Heads||Tails||% Flotation recovery|
|Au opt||Ag opt||Sb%||Au opt||Ag opt||Sb%||Au||Ag||Sb|
Based on these mill tests from the Reynaldo pit at Los Juarez and the introduction of a cyanide circuit, estimated overall recoveries are as follows:
CEO John Lawrence said, "The prices of antimony, gold, and silver since the first of the year are up 35.3%, 24.4%, and 41.6% respectively. The estimated recovered value of $155.96 per metric ton from the Los Juarez bulk mineable open pit is regarded as excellent. The Company should have a reply from SEMARNAT on the permit within the next 5-6 weeks."
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