Intrepid Potash Inc. (Intrepid) (NYSE:IPI) announced today preliminary sales and production results for the second quarter 2012.
This release is focused only on preliminary second quarter 2012 information. Intrepid is scheduled to release second quarter 2012 financial results, including a current market update, capital project status and operations outlook after market close on Wednesday, August 1, 2012.
Preliminary Sales and Production Results
|Three Months Ended|
|June 30, 2012|
|Production (tons)||165,000 - 175,000|
|Sales (tons)||180,000 - 190,000|
|Average Net Realized Sales Price ($/ton)||$460 - $470|
|Cash COGS, net of by-product credit ($/ton)||$175 - $185|
|Total COGS ($/ton)||$235 - $245|
|Production (tons)||30,000 - 35,000|
|Sales (tons)||25,000 - 30,000|
|Average Net Realized Sales Price ($/ton)||$315 - $325|
|Cash COGS ($/ton)||$200 - $210|
|Total COGS ($/ton)||$275 - $285|
|Selling and Administrative||$8 - $10 million|
On a preliminary basis, Intrepid estimates that it produced between 165,000 and 175,000 tons of potash and sold between 180,000 and 190,000 tons of potash during the second quarter of 2012.
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