US Antimony reports Q3 net loss; Zeolite downtime and antimony price decline weigh on results

UNITED STATES ANTIMONY CORP

2024-Q3 EPS reported $107519786.00 revenue$7,027,908

Nine-month net loss of $2.8M; Q3 sales down 6% and YTD down 27% vs 2022.
Zeolite segment: sales fell 15% in Q3 (22% YTD) from 5 weeks of equipment downtime; new cone crusher installed.
Antimony segment: Q3 sales down 2%, YTD down 31%; price dropped from $6.55/lb (May 2022) to $4.52/lb currently.
Mexico operations contributed to losses; management reducing costs and evaluating Los Juarez property for potential JV.
Cash ~$13M at quarter-end; no need to raise capital unless for a material acquisition.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

UNITED STATES ANTIMONY CORP reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 17, 2023, United States Antimony Corporation (the "Company") held a conference call to discuss the Company's financial results for its quarter ended September 30, 2023 (the "Earnings Call").

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Source: SEC EDGAR

accession 0001654954-23-014720

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