| Press
Release Archives: 07/27/2010
Itronics
Reports Second Quarter Silver Sales up 24 Percent
Strong
Fertilizer and Silver Markets Driving Growth
RENO, NV--(Marketwire - 07/27/10) - Itronics
Inc. (Pinksheets:ITROD - News) reported today that silver sales
by its wholly-owned subsidiary, Itronics Metallurgical, Inc., for
the second quarter of 2010 were up 24 percent compared to the same
period in 2009.
Second quarter silver sales were $193,200
compared to $155,200 in the second quarter of 2009. Ounces produced
were approximately the same for both quarters, so the increase in
sales is directly due to higher silver prices. The average silver
price per troy ounce in the second quarter was $18.32, up 33 percent
from $13.73 per troy ounce in the second quarter of 2009.
"Our silver sales growth in the third
quarter is expected to be at least 50 percent and could exceed 100
percent depending on silver prices and the timing of silver settlements,"
said Dr. John Whitney, Itronics President. The silver captured by
Itronics is recovered from spent photo liquids, a highly acclaimed
environmentally "Green" and beneficial process. The de-silvered
photo liquids are then converted to base liquids for use in manufacturing
Itronics' award winning line of GOLD'n GRO liquid fertilizers.
About Itronics
Headquartered in Reno, Nevada, Itronics is
a Cleantech Specialty Fertilizer and Silver Company that produces
the Award Winning GOLD'n GRO liquid fertilizers and pure silver
bullion. 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 spent 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.
Itronics has received numerous domestic and
international awards that recognize its ability to successfully
create and implement new environmentally clean recycling and fertilizer
technologies.
The Company's environmentally friendly GOLD'n
GRO liquid fertilizers, which are extensively used in agriculture,
can be used for lawns and houseplants, and are available, along
with liquid fertilizer injectors, at the Company's "e-store"
catalog at http://goldngro.com. The popular Silver Nevada Miner
bars are available at the Company's "e-store" catalog
at http://www.itromet.com.
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 |
