Per more metals-related press releases, it might serve us to look back in order to see what is coming ahead. The year’s press releases so far in review. There is plenty of good news. And a lot of metals-related info released in a timely fashion coinciding with the rise in metals prices. All of my comments are, of course, IMHO. Sorry for the length, just lots of good stuff.
Press Release: 09/09/2009 – Itronics Names William Forkner Director Finance & Acquisitions. Forkner was still active in the finance and acquisition industry with 35 years experience when he joined Itronics, so we’re not getting a retired guy who hasn’t been in the game for years. It looks like he’s a specialist in raising capital and putting deals together. He checked Itro out very carefully before taking the position.
Press Release: 09/03/2009
Itronics Announces Auric Gold & Minerals, a Special Purpose Mining Company – Auric should capture attention in the red-hot mining sector for development of mine sites and acquisition of hard assets. This could be huge. Per the press release “Itronic’s wholly-owned subsidiary, Whitney & Whitney has used its world-wide data base and its extensive mineral property library to identify an attractive mineral project in Nevada and agreed to help Auric Gold & Minerals acquire the project”. All they need is mining investors. Enter Mr. Forkner.
Press Release: 08/31/2009
Itronics Stage 1 Silver Refinery Expansion to Expand Silver Output by Diversifying Silver Raw Material Sources – “The Company also disclosed that silver receipts in photographic liquids were exceeding its capacity to refine the recovered silver on an on-going basis, making the Stage 1 expansion a critical path item for continuing the Company's growth.
“Itronics today is announcing that it has revised the Stage 1 installation plan to utilize tanks and pumps that are already owned by the Company. Using this approach reduces the estimated capital cost of the installation from $500,000 to about $200,000. Additional benefits include that only about 25 percent of the funding is required before installation and preliminary operation can begin.”
“Stage 1 will increase the per melt capacity of the refining operation by 10 times with no increase in per melt cost.”…. “Itronics previously announced that in the first half of 2009 silver revenues increased 144 percent, with a 243 percent increase in ounces sold.’
Itro needs $50,000 for the Stage 1 refinery process in order to increase silver capacity by tenfold!!! Total silver sales for the first half of 2009 was $483,000.
Press Release: 07/23/2009
Itronics' 2009 First Half Revenues Increase 19 Percent to $2.3 Million; Silver Sales up 144 Percent, GOLD'n GRO Fertilizer Sales up 8 Percent – All of this in the worst economy we have ever seen. Silver prices for the first half of 2009 averaged about $14/oz, 20% lower than today. Whitney predicted 100% increase in 2Q silver sales in PR 5/28. Actual figures are 92%.
Press Release: 07/13/2009
Itronics' June 2009 Sales Best Ever – “Itronics Metallurgical's June 2009 sales totaled $611,000, compared to June 2008 sales of $454,000, a 35 percent increase. "What makes this even better is that June 2008 was our previously strongest sales month….” Silver is now 15% higher.
Press Release: 06/26/2009
Itronics Begins Filling Orders for Its Breakthrough GOLD'n GRO Guardian Deer Repellent – Next season should be strong.
Press Release: 06/18/2009
Itronics Describes Strong Outlook for Its GOLD'n GRO Liquid Fertilizers
Press Release: 05/28/2009
Itronics Reports Increase in Orders for Its GOLD'n GRO Liquid Fertilizers and Large Increase in Silver Sales - "Silver sales were $81,000 in the second quarter of 2008, up 56 percent compared to the same period in 2007. Partially because of improved recovery technologies, we expect silver sales in the second quarter of 2009 to double 2008's second quarter totals."
Press Release: 04/07/2009
Itronics 2009 First Quarter Revenues Increase 33 Percent; Silver Sales Up 181 Percent; Green Pays Dividends for Reno Fertilizer Company – “…reported today that its total revenues for the first quarter 2009 increased by 33 percent to $872,000 from $653,000 in 2008. Silver revenues increased by 181 percent to $329,000 from $117,000 in 2008.
Press Release: 03/17/2009
Itronics' Makes Silver Refining Process Discovery Increasing per Melt Bullion Recovery by 40 Percent – “Itronics Metallurgical, Inc., has made a silver refining process discovery that increases per melt bullion recovery by 40 percent and reduces the per ounce silver refining cost proportionately.”
Press Release: 01/30/2009
Itronics' 2009 Silver and GOLD'n GRO Fertilizer Sales Start Strong, Driven by Environmentally Green Clean Technology - "Itronics Metallurgical has entered into an interim silver refining agreement to expand recovery while the planned Stage 1 silver refinery expansion is progressing. This will result in a major increase in silver ounces recovered for sale in 2009," and “Itronics is expecting that total sales could increase by 30 percent in the first quarter with the growth being driven by a large increase in silver sales.’
Press Release: 01/06/2009
Itronics 2008 Revenues Increase 29 Percent to $3 Million; Fourth Quarter Revenues up 46 Percent – ‘Silver revenues for the quarter increased 65 percent and for the year increased by 41 percent on a 40 percent increase in ounces sold”.
