U. S. ANTIMONY REPORTS NINE MONTH RESULTS FOR 2017
November 6, 2017. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported the followingsales estimates for October 2017:
Product / October 2016 / October 2017 / changeAntimony pounds / 311,516 / 169,204 / -45.7%
Zeolite short tons / 828 / 1,275 / +54.0%
Sales were down at the end of October 2017 due to a 30,592 pound truckload
that had been produced but not shipped. At the beginningof October 2017, the
average Rotterdam price of Grade Iantimony metal per metric ton was$8,350
($3.788 per pound), and by the end ofOctober, the price had decreased to
$8,117.86($3.682 per pound)approximately2.8%.
During September 2017 the sale of zeolite at BRZ was 897 tons. During
October 2017, the sale was 1,275 tons, an increase of 42%. The new
sales program is becoming effective.
Following are the sales estimates for the nine months ending September 30, 2016 and 2017:
Product / 9 months ending Sept 30, 2016 / 9 months ending Sept 30, 2017 / changeAntimony pounds / 2,333,597 / 1,475,597 / -36.8%
BRZ zeolite tons / 10,689 / 9,446 / -11.6%
Silver troy ounces / 41,258 / 25,886 / -37.3%
Gold troy ounces / 108.2 / 88.65 / -18%
The sales of antimony, silver and gold were down due to the curtailment of the
supply of concentrates from Australia during 2017. During the nine months of
2017 USAC Mexican mines produced 404,385 pounds of contained antimony.
Major cost reductions have been made at theWadley mine. By early 2018, the
gravity mill at Wadley will be started on lowergrade ore that has accrued during
the mining of direct shipping ore (DSO) for thesmelter. Powder magazines are
being built to re-start production of DSO and mill feed from the Soyatal district
mines. In Zacatecas, the Guadalupe Mines access road will be repaired and
mining will be resumed at the Santa Monica mine for DSO and mill feed.All the
information requested for the Los Juarez gold/silver/antimony mine has been
givento SEMARNAT (Mexican equivalent of the EPA) for the cyanide circuit
permitat the Puerto Blanco mill. The Company expects approval any day in
thenear future.
USAC is currently producing antimony tri-sulfide with a new pilot furnace
system. The product will be used for primers in center fired ordnance.
CEO John Lawrencesaid “We are excited about the ramp up of Mexican mine production from Wadley, Soyatal, and Guadalupe; antimony tri-sulfide production, the forth coming permit for the cyanide leach for the Los Juarez gold-silver-antimony deposit, and the increase in BRZ zeolite sales. We continue to evaluate several financial and strategic opportunitiespresented to the Companythat could significantly enhance production, cash flow, and profitability. The nature of these opportunities does not involve dilution of any kind. We will keep you advised on these opportunities.”
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, pendingcontracts 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.