US Antimony Sets Q1 Gross Profit & Net Income Records Updates March-April Operational Details
THOMPSON FALLS, MT / ACCESSWIRE / May 16, 2022 / United States Antimony Corporation (USAC-the Company) reports a record quarterly gross profit of $1,139,388 and record Net Income of $786,252 spurred by a quarterly antimony sales revenue of …
THOMPSON FALLS, MT / ACCESSWIRE / May 16, 2022 / United States Antimony Corporation (USAC-the Company) reports a record quarterly gross profit of $1,139,388 and record Net Income of $786,252 spurred by a quarterly antimony sales revenue of $2,828,930. The average realized price per pound of the contained 433,350 pounds of antimony was $6.53 per pound. Antimony oxide sales were 413,235 pounds and antimony metal sales were 90,365 pounds. The company expects high antimony prices to continue in the immediate term. Revenue from other operations brought total quarterly revenue to $3,580,306.
Detailed financial information is included in the USAC quarterly filings (10 Q) with the SEC at UNITED STATES ANTIMONY CORP [UAMY] Filings | Quick10K (q10k.com)
The on-going program of improvements in production and efficiency continues to provide positive results at all locations. Exploration and mineral property assessments continue in North and Central America with the objective of acquiring additional sources of raw materials. Relationships with third party end users and potential suppliers continue to be enhanced through research efforts and supply of test material.
Operations Updated- March and April
Safety and Environmental
All Company operations reported zero lost time or serious injury accidents during the March -April Period.
There were zero environmental spills, discharges, or incidents during the period. The previously announced (see NR- Jan. 15, 2022 and March 15, 2022) pro-active program of legacy slag clean-up at the Madero Smelter continued and is now 86% complete. Concurrently, the Company has aggressively reduced its stockpile of legacy slags in Montana with shipments of 20 tons in March and 40 tons in April, reducing the stockpile to 55 tons.
Production (Unless otherwise specified, tons = metric tons)
Bear River Zeolite ("BRZ"): March April Total
Mined Tons: 0 40 40
Crushed Tons: 655 632 1,287
Shipped Tons: 966 928 1,894
Montana Smelter: March April Total
Antimony Trioxide sold (tons): 77 40 117
Antimony Metal Sold (tons) 0 20 20
Antimony Trisulfide produced (lbs): 12,927 5,834 18,761
Construction of the new 50'x100' warehouse (for additional storage of product) and the 40'x60' shop (for servicing equipment) continued but has been difficult due to snow and mud. The structures' concrete wall footings and floors have been poured and the framing is expected to be completed by the end of May.