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Intrepid Potash, Inc. Announces Preliminary Fourth Quarter And Full Year 2011 Sales And Production Results And Capital Investment Update, And Schedules Fourth Quarter 2011 Conference Call

Intrepid Potash, Inc. (“Intrepid”) (NYSE:IPI) announced today preliminary sales and production results for the fourth quarter and full year 2011 and provided an update on its capital investment program.

Preliminary Sales and Operational Results

  Three Months Ended   Year Ended
December 31, 2011 December 31, 2011

Potash

Production tons 190,000 - 200,000 805,000 - 815,000
Sales tons 175,000 - 185,000 785,000 - 795,000
Average Net Realized Sales Price ($ / ton) $490 - $500 $465 - $475
Cash COGS, net of
byproduct credit ($ / ton) $190 - $200 $170 - $180
 
Total COGS ($ / ton) $245 - $255 $215 - $225

 

Trio®

Production tons 30,000 – 35,000 140,000 – 145,000
Sales tons 25,000 – 30,000 170,000 – 175,000
Average Net Realized Sales Price ($ / ton) $280 - $290 $230 - $240
Cash COGS, net of
byproduct credit ($ / ton) $180 - $190 $170 - $180
 
Total COGS ($ / ton) $225 - $235 $205 - $215
 
Selling & Administrative Costs $7.5 - $8.5 million $31.5 - $32.5 million
 

On a preliminary basis, during the fourth quarter of 2011, Intrepid estimates that it produced between 190,000 and 200,000 tons of potash and sold between 175,000 and 185,000 tons of potash. Production results for the quarter include the seasonal harvest from the Moab, Utah mine.

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