United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) estimated
that Mexican production of contained antimony metal for 2013 will be
663,559 pounds compared to 372,046 for 2012, an increase of 78%. Overall
sales for 2013 are estimated at 1,621,990 pounds of contained antimony
metal compared to 1,423,279 for 2012, an increase of 14%.
The increase in Mexican production has just begun from five operating
properties. One of the mines that ships mineral directly to the USAC
smelter just came on stream during Q3. Another property that supplies
mill feed to the USAC flotation mill just received its explosive license
and is now providing freshly mined underground rock rather than dump
rock. Metallurgical equipment for the smelter has just arrived in Mexico
to enable the Company to process antimony, silver, and gold from the Los
Juarez property. The Mexican smelter at Madero is running at 100% of
capacity, and a permit is being prepared to triple its throughput.
Natural gas should be hooked up early in January 2014 at the smelter to
reduce fuel costs by approximately 70%.
John Lawrence, Chief Executive Officer, commented, “USAC remains in a
sold out condition with industrial and military consumers anxious to
find an alternative supply of antimony other than China.”
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.
Copyright Business Wire 2013