U.S. Antimony Reports Strong Zeolite Sales
July 05 2016 - 8:00AM
Business Wire
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:
Product
June 2016 Antimony pounds
290,541 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:
Metal
Feedgrade
AnticipatedRecovery
Values
Value/metric ton
Antimony 0.410% 75%
$3.15/pd. $21.35 Gold
0.059 opt 95%
$1,300/oz $72.87 Silver
2.56 opt 90%
$17.50/oz $40.32 Total
$134.54
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160705005125/en/
United States Antimony CorporationJohn Lawrence,
406-827-3523
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