August 11, 2017.
Thompson Falls, Montana. United States Antimony
will host an
investor call at 4:15 P. M. EDT on Monday, August
14, 2017 to review the 2017 second quarter 10Q.
Conference Title: United States Antimony Corp.
Conference ID: 8277118
Dial In Information:
Toll free: 1-800-289-0496
U. S. ANTIMONY REPORTS MAJOR
ANTIMONY COST REDUCTIONS
2017. Thompson Falls, Montana. United States
Antimony Corporation (“USAC”, NYSE American “UAMY”)
reported major cost reductions at its Mexican
antimony smelter. As a result of metallurgical
changes, the Company has drastically cut costs and
increased production rates. The approximate
reductions for fuel costs are 50%, electricity 55%,
and reagents 75%. Maintenance and other costs are
being evaluated. Extra manpower will be assigned to
processing Los Juarez production. The Company
expects to see these lower costs impacting the
Company’s reported financials beginning in Q3 2017.
reductions are coming at an opportune time due to
the increasing mine production from Mexico.
Production at Wadley is growing with more miners.
USAC intends to use its Los Juarez explosives
license at Soyatal which will save money, time, and
accelerate the production of direct shipping ore
from that property. Guadalupe is undergoing road
work to re-establish the production of high-grade
At the end
of July, the inventory of Mexican and North American
production awaiting smelting in Montana is now
estimated at $550,000.
instructions by SEMARNAT (Mexican equivalent of the
EPA) to change one item in our application for the
cyanide permit for the Los Juarez
gold-silver-antimony project, the Company
resubmitted its application in Mexico City on 31
July 2017. Approval is expected imminently.
beginning of July 2017, the average Rotterdam price
of Grade I antimony metal per metric ton was $8,450
($3.832 per pound), and by the end of July, the
price had decreased to $8,200 ($3.719 per pound), a
decrease of 2.9% which is normal due to summer
vacation schedules for many plants.
sales were lower in July 2017 due to seasonal
scheduling and scheduled maintenance work. The new
sales program has resulted in six new multiple
truckload customers in the United States and two in
Lawrence said, “Antimony remains a core business of
USAC and the cost reductions, increase in Mexican
production, and the upcoming liquidation of the
$550,000 in antimony inventory should increase
margins and provide funding for the start-up of the
Los Juarez cyanide leach circuit.”
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