Itronics Reports Second Quarter Silver Sales up 24 Percent
July 27 2010 - 10:20AM
Marketwired
Itronics Inc. (PINKSHEETS: ITROD) reported today that silver sales
by its wholly-owned subsidiary, Itronics Metallurgical, Inc., for
the second quarter of 2010 were up 24 percent compared to the same
period in 2009.
Second quarter silver sales were $193,200 compared to $155,200
in the second quarter of 2009. Ounces produced were approximately
the same for both quarters, so the increase in sales is directly
due to higher silver prices. The average silver price per troy
ounce in the second quarter was $18.32, up 33 percent from $13.73
per troy ounce in the second quarter of 2009.
"Our silver sales growth in the third quarter is expected to be
at least 50 percent and could exceed 100 percent depending on
silver prices and the timing of silver settlements," said Dr. John
Whitney, Itronics President. The silver captured by Itronics is
recovered from spent photo liquids, a highly acclaimed
environmentally "Green" and beneficial process. The de-silvered
photo liquids are then converted to base liquids for use in
manufacturing Itronics' award winning line of GOLD'n GRO liquid
fertilizers.
About Itronics
Headquartered in Reno, Nevada, Itronics is a Cleantech Specialty
Fertilizer and Silver Company that produces the Award Winning
GOLD'n GRO liquid fertilizers and pure silver bullion. Itronics,
through its subsidiary, Itronics Metallurgical, Inc., is the only
company with a fully permitted "Beneficial Use photochemical,
Silver, and Water Recycling" plant in the United States that
converts spent photoliquids into pure silver and GOLD'n GRO liquid
fertilizers. The Company is developing environmentally compatible
mining technology, provides project planning and technical services
to the gold mining industry, and operates the popular
InsideMetals.com web site, http://www.insidemetals.com, which
provides a value-added WORLD VIEW of Gold Producer Stocks, Mineral
Producer Stocks, Junior Gold Stocks, and Junior Mineral Stocks.
Itronics has received numerous domestic and international awards
that recognize its ability to successfully create and implement new
environmentally clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO liquid
fertilizers, which are extensively used in agriculture, can be used
for lawns and houseplants, and are available, along with liquid
fertilizer injectors, at the Company's "e-store" catalog at
http://goldngro.com. The popular Silver Nevada Miner bars are
available at the Company's "e-store" catalog at
http://www.itromet.com.
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains or may contain
forward-looking statements such as statements regarding the
Company's growth and profitability, growth strategy, liquidity and
access to public markets, operating expense reduction, and trends
in the industry in which the Company operates. The forward-looking
statements contained in this press release are also subject to
other risks and uncertainties, including those more fully described
in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to update these
forward-looking statements to reflect actual results, changes in
risks, uncertainties or assumptions underlying or affecting such
statements, or for prospective events that may have a retroactive
effect.)
Contact: Paul Knopick 888-795-6336
Itronics (CE) (USOTC:ITRO)
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