This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

U.S. Antimony Reports Q1 2011 Results And Mexican Mill Progress

Stocks in this article: UAMY

United States Antimony Corporation (USAC), OTCBB “uamy.ob”, reported a pretax profit of $69,789 on sales of $2,838,039 during the first quarter of 2011 compared to a loss of $84,117 on sales of $1,414,826 during the same quarter in 2010. The sales revenues for Q1 2011 have set a new corporate record. During Q1 2011 the sale of antimony products was $2,445,533 compared to $1,003,080 during the same period in 2010, an increase of 144%. The gross profit on antimony for Q1 2011 was $348,899 compared to $102,002 during the same period in 2010, an increase of 242%. Silver and gold production is included in the antimony revenue as a byproduct. During Q1 2011 the silver and gold production was $332,657 compared to $40,017 during the same quarter in 2010, an increase of 731%. Zeolite sales during Q1 2011 were $392,607 compared to $411,746 during the same period in 2010, a decrease of 4.6%, which was primarily due to a hard winter. The Company lost $2,379 on zeolite sales during Q1 2011 compared to a profit of $16,421 during the same period of 2010. Cash equivalents at the end of Q1 for 2011 were $1,543,176 compared to $448,861 at the same time in 2010. Mexican exploration, funding costs, and administrative expenses associated with the Mexican startup adversely impacted the profitability during Q1 2011.

Construction of the antimony-silver-gold flotation mill is well underway at Guanajuato, Mexico. The mill will have a rated capacity of 150 metric tons per 24 hours with room for expansion. Testing of the mill should begin by the end of June.

USAC antimony remains in a sold out condition and is expediting the mill completion to process raw material from the Company’s Los Juarez property as well as others.

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. 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.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs