NYSE MKT: UAMY

 UNITED STATES ANTIMONY CORPORATION
   
 

NEWSROOM 2017

03/06/17  USAC reports antimony prices and production
02/06/17  USAC reorts production
01/09/17  USAC reorts Mexican production

 

 

 

 

 

 

 

 

 

 

Newsroom 2016

2016 USAC Brochure (.pdf)

 

Forward Looking Statements:

These Press Releases contain 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. 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.

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U. S. ANTIMONY REPORTS ANTIMONY PRICES AND  PRODUCTION

March 6, 2017. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reports significant price increases in antimony and that it has successfully transitioned from custom smelting antimony concentrates at the Madero, Coahuila, Mexico plant to its own mine production. This Company’s antimony business plan is to accelerate production from its Mexican antimony mines with internal cash flow. The mines had been idle for two years.

With its own antimony raw materials, USAC will benefit fully from price increases rather than just the smelting fees and small percentages of the price increases. Additionally, the company will enjoy lower processing and trucking costs. 

 

Production estimates for January and February 2017 as follows:
 

Product

January 2017

February 2017

January + February

Antimony pounds

158,989

185,883

344,872

Zeolite tons

1,229

1,042

2,229

Compared to 2016, antimony production was lower in Mexico during January and February 2017 due to the transition from the custom smelting to the start up of Mexican production from USAC mines. However, the Company expects production to ramp up from Wadley, Soyatal, and Guadalupe to utilize the smelter capacity at Madero. The Rotterdam price of antimony grade I metal has increased as follows:

Date

$ / metric ton

$ / pound

Increase / pound

% increase

Jan 1, 2016

5,291.00

2.40

 

 

Jan 1, 2017

7,300.00

3.31

0.91

37.9

Feb 28, 2017

8,500

3.86

0.55

16.6

Cumulative increases

3,209

 

1.46

60.8

The impact of this price increase on USAC is profound. During the first half of 2016, the Company sold product at the lowest price it had in seven years. The average USAC sale price for all of 2016 was $2.98 per pound. On March 2, the Rotterdam price was increased to $3.90 metal per pound.

Although further price increase cannot be predicted, the world reserves of antimony are being depleted and the costs of production are rising. China has the largest reserves of antimony, and it is now importing approximately 40% of their smelter feed. During January 2017, China (which produces about 90% of the world’s antimony) exported only 42 metric tons of metal. Normally they would export about 5,000 metric tons per month. Fortunately, USAC had the foresight to secure its own raw material sources in Mexico. 

BRZ zeolite production was up YOY in January and February 2017 by 274 tons or 14% even though heavy snow curtailed access to the mine for almost 4 weeks.                    

Processing of flotation concentrates using the alkaline leach procedure from the Los Juarez gold, silver, and antimony property in Queretaro, Mexico has confirmed good recovery. The Company expects to provide an update on the cyanide leach permit, which may not be necessary, and the start up of the mill on a pilot basis shortly.   

CEO John Lawrence said “Higher antimony prices and enhanced margins from mining its own Mexican properties will help USAC to expand its Mexican antimony production and start Los Juarez in the near future.”

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U. S. ANTIMONY REPORTS PRODUCTION 

February 6, 2017. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported production estimates for 2016 and 2015 as follows:

Product

2016

2015

%  change

Antimony pounds

2,936,880

2,487,321

+18.1

Gold ounces

604.75

89.12

+578.7

Silver ounces

38,123.46

30,420.75

+25..3

Zeolite tons

13,468

15,268

-11.8

Antimony production during 2016 increased 18.1% over that of 2015 due to the increased supply of raw materials. During the first half of 2016, the Rotterdam price for metal hit a low of $2.40 per pound and by the end of the year it reached $3.52, an increase of $1.12 or 46.7% per pound

During January 2017, some 90,000 pounds of antimony were shipped from two of our Mexican mines to the smelter at Madero for processing into metal that will be sold to U.S. markets. This will provide a large savings in freight and processing costs compared to processing in Montana. Mine production is being ramped up as quickly as possible from internal cash flow. USAC will realize the full amount of antimony price increases by utilizing its own mines in Mexico. 

The alkaline leach plant in Mexico to recover gold and silver from the flotation concentrates from the Los Juarez property has been successfully tested. The flotation mill will be started during February 2017 to begin processing more Los Juarez feed to verify grades and flotation recoveries before we accelerate production. SEMARNAT (the Mexican equivalent of the EPA) has said they will have additional information on the cyanide leach circuit by the middle of March 2017. USAC does not claim any reserves in these properties in accordance with SEC definitions or per Canadian National Institute 43-101.

Bear River Zeolite customers are being increased with our new sales team that are visiting potential customers from coast to coast. They have focused on the dairy industry, but are now starting on the poultry, hog, and beef cattle industries. . 

CEO John Lawrence said “increasing antimony prices and the start of production from USAC properties in Mexico are expected to increase antimony profitability. The start of Los Juarez production should identify USAC as an emerging precious metal producer.”

CEO John Lawrence said “increasing antimony prices and the start of production from USAC properties in Mexico are expected to increase antimony profitability. The start of Los Juarez production should identify USAC as an emerging precious metal producer.”

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. 

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U. S. ANTIMONY REPORTS MEXICAN PRODUCTION

January 9, 2017. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported that it has started production from its own Mexican antimony and gold and silver properties. January production could be approximately 50,000 pounds of antimony, and the production will be ramped up from internally generated cash flow.

The Company will produce metallic antimony in Mexico in 2017 for direct shipment to customers in the United States and other countries. This will provide a large savings in freight and processing costs compared to final processing in Montana. . Additionally, USAC will enjoy the full amount of antimony price increases rather than the small percentage it receives by smelting custom raw materials. The plans for the Mexican properties are as follows:

WADLEY, SAN LUIS POTOSI. During 2016, the property produced 277,867 pounds of DSO (“direct shipping ore”) with a grade of 35.9% antimony. Production of the high-grade will be augmented with the installation of a compressor and pneumatic hammers. The lower grade will be milled at Wadley to make concentrates that contain 25.1 to 41.2% antimony.

SOYATAL, QUERETARO.  During 2016, Soyatal produced 155,282 pounds of antimony from mill concentrates produced at the Puerto Blanco mill with an average grade of 24.6% antimony.. The milling of dumps will continue, and underground mining will begin to produce DSO.

GUADALUPE, ZACETECAS.  Guadalupe was idle during 2016. The Santa Monica drift will be reopened and DSO will be mined and the lower grade will be shipped to the mill at Puerto Blanco to make a high-grade sulfide concentrate for Madero.

LOS JUAREZ, QUERETARO. The alkaline leach plant in Mexico is being run to process concentrates from previous milling. SEMARNAT (the Mexican counterpart of the EPA) is reviewing the USAC application for a cyanide leach plant for the Puerto Blanco mill tailings. The flotation mill will be started during Q1 2017 to begin processing a 19,000 ton stockpile of Los Juarez rock without the cyanide circuit to verify previously disclosed estimates of recovered values.

USAC does not claim any reserves in these properties in accordance with SEC. definitions or per Canadian National Institute 43-101.

Following are the sales estimates for Q4 2016:

Product

 

Antimony pounds

632,801

BRZ zeolite tons

2,779

Precious metals $

73,363.97

CEO John Lawrence said “The three factors that will increase antimony profitability are (1) lower raw material costs from Mexico, (2) increasing Mexican production and (3) increased prices. Historically Wadley and Soyatal produced more than 6,000,000 pounds per year, and our costs per pound will go down with increasing Mexican 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. 

 

 

 

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