THOMPSON FALLS, MT / ACCESSWIRE / August 7, 2017 / United States Antimony Corporation (“USAC”) (NYSE American: UAMY) reported major cost reductions at its Mexican antimony smelter. As a result of metallurgical changes, the Company has drastically cut costs and increased production rates. The approximate reductions for fuel costs are 50%, electricity 55%, and reagents 75%. Maintenance and other costs are being evaluated. Extra manpower will be assigned to processing Los Juarez production. The Company expects to see these lower costs impacting the Company’s reported financials beginning in Q3 2017.
July 3, 2017. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported that following the milling of 400 metric tons of Los Juarez gold/silver/antimony at the Puerto Blanco mill in Guanajuato, Mexico that it will proceed with the cyanide circuit to increase the recoveries of both the silver and gold from the flotation mill tailings. Initial results of the floatation assays without the cyanide circuit are as follows:
|Heads||0.035 opmt||3.27 opmt||0.652%|
|Tails||0.016 opmt||1.618 opmt||0.348%|
|Recovered grade||0.019 opmt||1.65 opmt||0.17%|
(opmt = ounces per metric ton)
The flotation concentrate contained 2.52 opmt gold, 496.4 opmt silver, and 52.0% antimony. The floatation concentrates will be processed by the caustic leach circuit which is operational.
Cyanide testing of the mill tailings has indicated excellent recoveries, and the antimony recovery has been on the order of 70% at lower depths. The estimated recovery of the values after the caustic leach and cyanide circuit of the tailings is as follows:
Construction of the cyanide leach circuit for the Puerto Blanco mill tailings will begin when the permit is approved by SEMARNAT (Mexican equivalent of the EPA). Tentatively, the plan is to leach in Mexico and handle the second part of the process in Montana which is expected to cut Capex costs significantly, reduce operating costs, and expedite the start of the circuit.
Following are the sales estimates for Q2 2017 compared to Q2 2016:
|Product||Q2 2017||Q2 2016||% change|
THOMPSON FALLS, MT / ACCESSWIRE / June 5, 2017 / United States Antimony Corporation (“USAC”, NYSE MKT: UAMY) reported that approximately 400 metric tons of Los Juarez gold/silver/antimony rock has been trucked to the Puerto Blanco mill in Guanajuato, Mexico and milled. Initial results using X-ray are encouraging, but we are awaiting results by a third party lab. The permit for a cyanide leach circuit for the Puerto Blanco mill tailings has been reviewed by SEMARNAT (Mexican equivalent of EPA), and USAC is changing the location and design of the tailings pond to comply with their request.
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|
|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.
THOMPSON FALLS, MT / ACCESSWIRE / March 6, 2017 / 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.
THOMPSON FALLS, MT / ACCESSWIRE / February 6, 2017 / United States Antimony Corporation (“USAC”) (NYSE MKT: UAMY) reported production estimates for 2016 and 2015 as follows:
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.
THOMPSON FALLS, Mont. – (BUSINESS WIRE –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.
THOMPSON FALLS, MT / ACCESSWIRE / November 7, 2016 / United States Antimony Corporation (“USAC”, NYSE MKT: UAMY) reported that it has embarked on a sales program of BRZ zeolite with field representatives.
Sue Mahaney has joined the BRZ staff as the Director of Research and Development. She has more than 20 years experience and resides in Lancaster, Wisconsin and will be updating our website for BRZ and preparing more sales brochures. Bill Buchman and Debbie Stelma head up High Sierra Bio Distributing, Inc. (HSBD, Inc.). HSBD personnel travel throughout the United States and are familiar with the major feed mills and dairy farms. The dairy industry is the immediate focus, but poultry, hogs, composting, odor control, and soil amendments are also being targeted. The new BRZ representatives have already received orders from several new truckload customers. More than 36% of BRZ sales are agricultural that include animal feed, composting, soil amendments, and odor control. More than 27 percent of the sales are currently made in Canada.
THOMPSON FALLS, MT / ACCESSWIRE / October 3, 2016 /United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported the following sales estimates for the third quarter of 2016:
|Product||Q3 2016||Q3 2015|
|BRZ zeolite tons||3,400||3,528|
|Gold from Australia ounces||193.69||0|
|Gold from North America ounces||31.93||26.5|
|Silver from North America ounces||11,971||7,268|
During the third quarter of 2016, the Rotterdam price per metric ton of antimony metal increased from $6,750.00 ($3.06 per pound) to $7,750.00 ($3.5153 per pound) by the end of the quarter, an increase of $1,000.00 per ton ($0.4536 per pound).
HOMPSON FALLS, MT / ACCESSWIRE / September 6, 2016 / United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported the following sales estimates for August 2016:
BRZ zeolite tons
Gold from Australia ounces
During the month of August, the Rotterdam price per metric of antimony firmed from $6,950.00 ($3.15 per pound) to $7200 ($3.265 per pound) by the end of the month, an increase of $250.00 per ton ($0.113 per pound).
Antimony sales during August were up from July (173,498 pounds) due to greater raw material supply. Australian antimony concentrates will be finished by the end of 2016, but gold production will continue into 2017. Our Mexican mine production is being ramped up to provide smelter feed to Madero to replace the australian production. Australian gold production was off during August due to a lack of refractory supplies from India.