U.S. Antimony Reports Mining in Mexico


THOMPSON FALLS, MT / ACCESSWIRE / April 3, 2017 / United States Antimony Corporation (“USAC,” NYSE MKT: UAMY) reports the following production estimates for Q1, 2017:

Product Q1, 2017 Q1, 2016 % Change
Antimony pounds 591,942 912,841 -35
Zeolite tons 3,356 3,097 +8
Gold ounces, North America 24.6 40.0 -38.5
Gold ounces, Australia 56.3867 34.977 +61.2
Silver ounces, North America 8,639 12,973 -33.4

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.

The Rotterdam 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.

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