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:
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Product |
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June 2016 |
Antimony pounds |
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290,541 |
BRZ zeolite tons |
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1,549 |
Gold from Australia ounces |
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83 |
Gold from North America ounces |
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21.59 |
Silver from North America ounces |
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8,222 |
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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:
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Metal |
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Feed
grade
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Anticipated
Recovery
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Values |
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Value/
metric ton
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Antimony |
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0.410% |
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75% |
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$3.15/pd. |
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$21.35 |
Gold |
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0.059 opt |
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95% |
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$1,300/oz |
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$72.87 |
Silver |
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2.56 opt |
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90% |
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$17.50/oz |
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$40.32 |
Total |
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$134.54 |
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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
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