U. S. Antimony Reports 2012 Financials
THOMPSON FALLS, Mont.--(BUSINESS WIRE)-- United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reports a loss of $558,536 after the provision for income taxes of $167,107 on sales of $12,042,702. The loss was primarily attributed to additional expenses of Mexican operations due to commencement of major mining, milling and smelter facilities and to a price fall of $1.19 per pound of antimony.
Following is a schedule of antimony sales:
|Lbs of||Lbs of Metal|
Following is a schedule of our precious metals sales:
|Ounces Gold Shipped (Au)||31.797||101.127||161.711||102.319|
|Ounces Silver Shipped (Ag)||6,870.10||31,545.22||17,472.99||20,237.70|
Although our sales volume of zeolite in 2012 was similar to 2011, our average sales price per ton increased by $43.76, from $168.83 per ton to $212.59 per ton, an increase of 25.9%. During 2012, sales of zeolite increased $598,058 and the gross profit increased from $118,185 in 2011 to $361,961 in 2012.
USAC’s CEO, John Lawrence, commented, “2012 was a year of careful preparation of the Los Juarez silver-antimony-gold deposit and the associated milling and smelting facilities in Mexico and the United States. Both rock face samples and mill assays and recoveries from Los Juarez are excellent and a major increase in revenues is anticipated after the start of operations this year.” USAC claims no reserves at Los Juarez at the present time.
USAC is hosting a Mexican field trip April 20-22, 2013. Please indicate your interest in attending by calling 406-827-3523.
USAC’s CEO, John Lawrence, will conduct a conference call at 4:00 o’clock P.M., EDT on March 18, 2013. The dial in number is 1-888-675-6779, passcode 8767175#.
USAC is a diversified producer of antimony, precious metals, and zeolite with operations in the United States and Mexico.
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, pending contracts 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.
United States Antimony Corporation
John Lawrence, 406-827-3523
KEYWORDS: United States Mexico North America Central America Montana