United States Antimony Corp (USAC), a producer of antimony metal and antimony trioxide, has announced a net loss in 2019 of $3.6 million in an earnings call with investors to review its financial performance over the year.
In briefUSAC reported a net loss of $3.6 million in 2019, compared with net income of $873,225 in the 2018 financial year. The weak performance was attributed to a drop in sales revenue resulting from lower prices worldwide for antimony metal and its antimony trioxide derivatives. The higher loss was partially offset by an increase in the volumes sold and exchange-rate effects. Low antimony prices...