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Intrepid Potash, Inc. Announces Preliminary First Quarter 2012 Sales And Production Results And Schedules First Quarter 2012 Conference Call

Intrepid Potash, Inc. (“Intrepid”) (NYSE:IPI) announced today preliminary sales and production results for the first quarter 2012.

Preliminary Sales and Operational Results

      Preliminary
Three Months Ended
March 31, 2012

Potash

Production tons 215,000 - 225,000
Sales tons 200,000 - 210,000
Average Net Realized Sales Price ($ / ton) $470 - $480
Cash COGS, net of
byproduct credit ($ / ton) $190 - $200
 
Total COGS ($ / ton) $250 - $260
 

Trio ®

Production tons 30,000 – 35,000
Sales tons 25,000 – 30,000
Average Net Realized Sales Price* ($ / ton) $295 - $305
Cash COGS, net of
byproduct credit ($ / ton) $220 - $230
 
Total COGS ($ / ton) $295 - $305
 
Selling & Administrative Costs $8 - $10 million
 

On a preliminary basis, during the first quarter of 2012, Intrepid estimates that it produced between 215,000 and 225,000 tons of potash and sold between 200,000 and 210,000 tons of potash. Production results for the first quarter include the seasonal harvest from the Moab, Utah mine.

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