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US Antimony reports higher Q3'19 sales amid lower prices

United States Antimony Corp. estimated that antimony sales for the third quarter rose 13.7% year over year to 381,683 pounds, though average prices fell 20.1% to US$3.25/lb.

The company is fast-tracking production from its Los Juarez mine in Mexico, where major construction at the Puerto Blanco mill has been completed, to leverage high gold and silver prices.

U.S. Antimony recently received a grant of US$510,528 from the Department of Defense to establish a North American source of antimony trisulfide that meets the military specifications for the national defense stockpile, in order to cut reliance on China for strategic minerals amid the countries' ongoing trade war.

The company said Oct. 7 that it plans to process six 500 kilogram batches of antimony mined in Mexico at its plant in Montana, for an operating period of one year starting Sept. 16.

CEO John Lawrence commented that the lower prices of antimony could be offset by the production of antimony trisulfide, while prices are expected to recover.