United States Antimony Corp. ( (UAMY) ) has released its Q4 earnings. Here is a breakdown of the information United States Antimony Corp. presented to its investors.
United States Antimony Corporation, a company involved in the production and sale of antimony, zeolite, and precious metals, operates primarily in the U.S. and Canada, with facilities in Montana and Mexico. The company is recognized for its unique position as the only antimony smelter in the U.S. and Mexico, providing critical minerals for various industrial applications.
In its fiscal year 2024 earnings report, United States Antimony Corporation announced a significant increase in revenues, up 72% year-over-year, reaching $14.9 million. The company also reported a substantial improvement in gross profit, which rose by 204% compared to the previous year. Despite these gains, the company recorded a net loss from operations of $1.7 million, although this was a marked improvement from the $6.3 million loss reported in 2023.
Key financial highlights include a reduction in the cost of sales by 5%, alongside increased operating expenses due to personnel expansion and new project development. The company ended the year with a strong balance sheet, holding $18.2 million in cash and cash equivalents, and minimal debt. The zeolite division also saw improvements, with increased production capacity and sales volume, contributing to the company’s overall performance.
Looking ahead, United States Antimony Corporation is poised to capitalize on the rising demand for antimony, driven by supply constraints and trade restrictions. The company plans to enhance its operations by expanding its mining capabilities in Alaska and improving efficiencies at its smelters in the U.S. and Mexico. Management remains optimistic about future growth, aiming to reduce dependence on foreign antimony sources and increase production capacity to meet market demands.
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