Estimated sales for JANUARY 2019
Product |
January |
Antimony pounds |
156,641 |
Zeolite tons |
1,370 |
COMMODITY PRICES
:
Commodity |
Quote |
December 2018 |
Antimony metal |
Rotterdam |
$3.356 /pound
$7,796.591/mt |
DOWNLOAD USAC CORPORATE PROFILE PDF
|
RECENT NEWS
U. S. ANTIMONY
REPORTS PROGRESS AT ALL OPERATIONS
February 4, 2019. Thompson Falls,
Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”)
reported on the Reynosa antimony plant, Mexican antimony production, North
American antimony gold and silver production; progress at Los Juarez, BRZ
zeolite operations, and the large inventory of antimony at the end of January.
The dismantling and trucking of the
Great Lakes Chemical Corporation, LANXESS antimony plant in Reynosa, Mexico has
been on schedule. More than 50 truckloads of equipment have been shipped to the
other USAC operations in Mexico and the United States. Payments for the real
property have been timely and should be completed in early February.
Five long rotary furnaces with
stainless steel cooling ducting, hoppers and dust collectors; burners, blowers,
and fans from Reynosa have been delivered to the Madero smelter and two are
currently being installed. In addition, cast iron molds, scales, two fork lifts,
a truck, a car, a Caterpillar loader, a100 HP compressor, two 250KW portable
generators; two motor control centers; an overhead traveling hoist, three
welders, plasma torch, structural steel, man lift, laboratory equipment, tools,
extra stainless steel baghouses, a 12,000 gallon water tank, pumps, a truckload
of electric motors, a truckload of spare parts, truckloads of filter media and
wire cages for the dust collectors, a truckload of new one ton totes, and large
amounts of hydrogen peroxide and caustic. The equipment will result in a major
increase in capacity and a lowering of costs at Madero.
The North American supplier of raw
materials has resumed production and has shipped seven trucks containing a total
of 128,013 pounds of contained antimony together with gold and silver during
January. During 2018, they only shipped 37 trucks that averaged 57,002 pounds of
contained antimony per month.
In January 2019 we received seven
truckloads of Wadley direct shipping ore containing approximately 35% antimony
containing about 70,000 pounds of antimony. This is a sharp increase from last
year when the monthly average was about 48,000 pounds. Two compressors have
been delivered to the mine and are expected to rapidly increase production once
installed.
At the
Puerto Blanco flotation mill, the assembly of the cyanide leach plant is rapidly
progressing. From Reynosa the plant received one large stainless steel leach
tank, an elaborate indirect gas-fired rotary kiln for the regeneration of
carbon, three 4 foot multi deck rotary screens, three air operated diaphragm
pumps; three motor control centers with breakers, starters, conduit, wire;
structural steel, decking and steel stairways’ 5 transformers, 3 overhead
traveling hoists, pipe, a large number of electric motors, pipe, laboratory
equipment, a stainless steel dust collector, a platform scale, and a 75 HP
electric compressor. Production from the caustic leach plant at Madero to
process the flotation concentrates has resulted in close to a 100% recovery of
the gold and silver. The pilot production is scheduled for shipment during
February.
The sale of zeolite was 1,370 tons in January 2019. A new sales team was
hired and has already obtained new customers.
CEO John Lawrence said “The equipment from Reynosa was a major bonus for all
operations and will increase capacity while lowering costs. The resumption of
production from our North American supplier from an average of 57,002
pounds of antimony per month during 2018 to 128,013 during January
2019 is a major boost in antimony production as well as gold and
silver. The testing of the Los Juarez caustic leach of flotation concentrates
has been finished with excellent recoveries of gold and silver, and the
construction of the cyanide leach circuit at Puerto Blanco is proceeding on
schedule. The inventory of 348,985 pounds of contained antimony at the end of
January is very large and should provide substantial cash flow once processed”
print complete newsletter
view in newsroom 2019
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.
|