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Itronics Reports 2012 First Quarter
Silver Revenues Up 226 Percent;
Total Revenues Up 12 Percent
RENO, Nev., April 12, 2012
/PRNewswire/ -- Itronics Inc. (OTC:
ITRO.PK - News) reported today that
its total Revenues for the first
quarter 2012 increased by 12 percent
to $572,500 from $511,000 in 2011.
While GOLD'n GRO fertilizer sales
were down, silver sales were up 226
percent on a three times increase in
ounces sold.
Unaudited Revenues for the first
quarter ended March 31, 2012
together with comparative unaudited
figures for the 2011 first quarter
are presented below:

GOLD'n GRO liquid fertilizer sales
for the first quarter 2012 were 30
percent lower than the 2011 first
quarter, since fertilizer sales for
the first quarter of 2011 included
approximately $172,000 in orders
carried over from the fourth quarter
of 2010. Without these sales, the
comparable 2012 first quarter
fertilizer sales would be up 19
percent.
Silver sales for the quarter
increased by 226 percent on a three
times increase in ounces sold. The
Company has improved the efficiency
of its refining operations, which,
with silver trading at $32 per troy
ounce, is strongly benefiting the
company. The Company's receipts of
silver-bearing photographic liquids
continue to be more than adequate to
meet the requirements for a large
increase in GOLD'n GRO fertilizer
sales.
Mining Technical Services sales were
up in the first quarter due to an
increase in consulting services for
a long term client.
Itronics owns the strategically
located 6,000 acre Fulstone Project
which is an Iron Oxide Copper Gold (IOCG)
mineral exploration property in the
Yerington Copper Mining District in
northwestern Nevada. There are now
four major near-by copper projects
under active development. Two of
these are "elephants" on a world
scale with drill measured resources
exceeding 800 million tons and with
on-going drilling still expanding
the respective resources. The
Company believes that this near-by
active development is improving the
attractiveness of its Fulstone
Project.
"Itronics outlook for the second
quarter is bullish," said Dr. John
Whitney, Itronics President.
"On-going implementation of Itronics
five-year plan to put internally
developed clean technology into
commercial use is progressing well,
as is the plan to capitalize on
proprietary mineral property
acquisition and ownership."
Itronics' technologies maximize
sustainability. The Company's goal
is to achieve profitable large scale
clean technology driven growth in
specialty fertilizers, silver, and
related technologies and products.
About Itronics
Headquartered in Reno, Nevada,
Itronics Inc. is a "Creative Clean
Technology" company. Itronics,
through its subsidiary, Itronics
Metallurgical, Inc. is the only
Company with a fully permitted
"Beneficial Use Photochemical,
Silver, and Water Recycling" plant
in the United States that converts
used photoliquids into pure silver
and GOLD'n GRO liquid fertilizers.
The Company is developing
environmentally compatible mining
technology, provides project
planning and technical services to
the gold mining industry, and
operates the popular
InsideMetals.com web site, http://www.insidemetals.com,
which provides a value-added WORLD
VIEW of Gold Producer Stocks,
Mineral Producer Stocks, Junior Gold
Stocks, and Junior Mineral Stocks.
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the
Private Securities Litigation Reform
Act of 1995: This press release
contains or may contain
forward-looking statements such as
statements regarding the Company's
growth and profitability, growth
strategy, liquidity and access to
public markets, operating expense
reduction, and trends in the
industry in which the Company
operates. The forward-looking
statements contained in this press
release are also subject to other
risks and uncertainties, including
those more fully described in the
Company's filings with the
Securities and Exchange Commission.
The Company assumes no obligation to
update these forward-looking
statements to reflect actual
results, changes in risks,
uncertainties or assumptions
underlying or affecting such
statements, or for prospective
events that may have a retroactive
effect.)
Contact:
Paul Knopick
888-795-6336 |