United States Antimony
Corporation (USAC) NYSE (uamy) is a rapidly growing
natural resource company that is increasing its raw
material supply of antimony from properties in Mexico
and third parties around the world. USAC has produced
various antimony products since 1969 and is a fully
integrated mining, transportation, milling, smelting,
and selling company. USAC operates the only significant
antimony smelter in the United States and it is in a
"sold out" condition. The Company has proven experience
in underground and open pit mining, flotation and
gravimetric milling, crushing and screening, dry
grinding, cyanide leaching, precious metal refining,
pyro-metallurgy, and marketing.
Operations include a smelter and a precious metal
refinery in Montana, and a smelter and three mills in
Mexico. Three Mexican properties supply direct shipping
ore (DSO) or mill feed for the Mexican operations. The
Los Juarez property and mill at Puerto Blanco are being
permitted to start gold and silver production that will
supplement the antimony values and identify the Company
as a "precious metal producer."
USAC owns 100% of the Bear River Zeolite, Corp. mine in
southeast Idaho that management regards as one of the
best zeolite properties in the world due to its high
cation exchange capacity, low sodium content, hardness,
uniformity, high potassium content, large surface area,
and low clay and impurity content.
The year 2016
marked a major financial turnaround for USAC in
spite of the lowest antimony prices in seven
years. On a Company wide basis, USAC had a
negative EBIDTA of $11,325 during 2016. Without
a positive adjustment of $914,770, the EBIDTA
for 2015 would have been a negative $820,515.
For 2016, the average price of antimony was
$2.98 per pound, the lowest it has been in seven
years. In 2015, the sale price was $3.97 per
pound. Production of antimony increased from
2,487,321 pounds in 2015 to a new record of
2,936,886 pounds in 2016, and costs were
2017. Thompson Falls, Montana. United States
Antimony Corporation (“USAC”, NYSE MKT “UAMY”)
Q1 2017 antimony production was lower than Q1 2016 due
to the end of the processing of Australian
concentrates. Since the beginning of 2017, the
Company has accelerated the mining at Wadley and Soyatal to compensate for the Australian supply.
During Q1 2017, these two properties produced an
estimated 200,000 pounds of contained antimony
for the Madero smelter. The smelter has only
processed 132,092 pounds of metal that is being
shipped to the United States as finished metal.
During this period, more furnaces were brought
on line at Madero.
price of antimony grade I metal has increased
during Q1 2017 from $7,350 per metric ton ($3.33
per pound) to $8,750 per metric ton ($3.97 per
pound). USAC will benefit from the increased
prices especially with Mexican production.
the legacy Los Juarez flotation concentrates
continues using the alkaline leach procedure and
a furnace that is being relined in Montana.
Flotation milling of the stockpiled mill feed
will resume during Q2 to determine how critical
a cyanide leach will be. Recent correspondence
indicates that the Company could have the
cyanide leach permit for the Puerto Blanco mill
within 90 days.
production during Q1 2017 was up from the same
period in 2016 by 8% despite heavy snow that
curtailed access from the mill to the
Lawrence said “All efforts are focused on
increasing Mexican antimony output and starting
the Los Juarez gold, silver, and antimony