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In a recent turn of events, United States Antimony Corporation (NYSE American:UAMY), a company specializing in the smelting and refining of nonferrous metals, has announced the restart of operations at its Madero Smelter Plant in Coahuila, Mexico. This decision comes just over a year after the company had disclosed plans to cease all operations in Latin America and dispose of its subsidiary, US Antimony de Mexico, S.A. de C.V. (USAMSA), due to persistent negative cash flow and underwhelming financial performance historically. The company’s fortunes have dramatically improved since then, with InvestingPro data showing a remarkable 373.79% return over the past six months and revenue growth of 71.84% in the last twelve months.
The company’s board had previously decided to discontinue Latin American activities when antimony prices were around $5.00 per pound. Following the termination of certain mining contracts in Mexico, which helped reduce the cash burn, the company has now seen fit to reinitiate operations at the Madero Smelter. The first shipment of antimony ore from international sources arrived at a Mexican port at the end of March 2025, although it faced a delay of over two weeks due to Mexican customs and tax authorities. Processing of this shipment began today, Monday. The company’s strong financial position is evident in its healthy current ratio of 5.16 and notably low debt-to-equity ratio of 0.04, as reported by InvestingPro.
Further shipments have followed, with the second batch arriving on April 8, 2025, and the third en route, expected to arrive in the coming weeks. United States Antimony’s goal is to reach a production output of approximately 200 tons per month from the Madero Smelter by the end of 2025. According to InvestingPro data, analysts expect the company to achieve profitability this year with a forecasted EPS of $0.18, supported by projected sales growth. For detailed analysis and 11 additional ProTips about UAMY’s potential, investors can access the comprehensive Pro Research Report.
This information, based on the company’s recent SEC filing, is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into any future filings under the Securities Act of 1933 or the Exchange Act. It is also not considered an admission of the materiality of any information disclosed.
The company’s forward-looking statements indicate management’s current expectations for future performance but caution that actual results may differ materially. These statements, subject to various risks and uncertainties, should not be relied upon as predictions of future events.
The restart of the Madero Smelter Plant marks a significant step for United States Antimony as it aims to enhance production and navigate the challenges of the nonferrous metals market. Analyst price targets range from $2.60 to $5.00, reflecting confidence in the company’s strategic direction and growth potential.
In other recent news, U.S. Antimony Corporation (UAMY) reported record revenue growth for Q4 2024, reaching $14.9 million, a 72% increase compared to the previous year. The company also achieved a gross profit of $3.5 million, a notable improvement from a loss of $3.3 million in the prior year. Antimony sales surged by 88%, contributing significantly to this financial performance, while zeolite sales rose by 19%. Additionally, B.Riley initiated coverage on U.S. Antimony Corp with a Buy rating and a price target of $3.00, recognizing the company’s strategic importance in the domestic supply of antimony. The firm highlighted the potential for UAMY’s adjusted EBITDA to grow substantially, projecting figures of approximately $56 million in 2026 and $81 million in 2027. U.S. Antimony has also been focusing on strategic expansions, including reopening operations in Mexico and enhancing processing facilities, which are expected to bolster future growth. These developments come amid a favorable pricing environment for antimony metal and increased demand for critical minerals. The company’s expansion plans and B.Riley’s positive outlook suggest a promising trajectory for U.S. Antimony in the coming years.
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