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Itronics Inc. - A cleantech Specialty Fertilizer, Silver and Mineral Producer  

6490 S. McCarran Blvd
Bldg. C, Suite 23
Reno, NV 89510

Press Release Archives: 11/12/2012

Itronics Provides Operations Update and Reports 2012 Third Quarter and Nine Month Revenues

RENO, NV--(Marketwire - Nov 12, 2012) - Itronics Inc. ( PINKSHEETS : ITRO ), a growing and diversified fertilizer, silver, and minerals producer, today provided an operations update and announced sales results for the three months and nine months ended September 30, 2012.

The Company reported that for the third quarter ended September 30, 2012 Total Revenues were $198,922 compared to $565,173 in the 2011 third quarter. Total Revenues for the nine months ended September 30, 2012 were $1,844,619 compared to $2,471,092 in the same period in 2011.

The third quarter is typically the Company's slowest quarter. Sales in the first nine months were down compared to 2011 for three major reasons: A number of Itronics' distributors' sales branches purchased inventories ahead of the season in 2011 under the Company's pre-fill program. The 2012 spring season ended unusually early in July, and some of the retail branches that had restocked inventories in the third quarter in prior years have delayed re-filling until the fourth quarter.

Itronics is working with its distributor to continue to expand GOLD'n GRO sales going forward. Its fertilizers continue to perform very well and this performance is expected to continue to attract new customers.

Volumes of silver bearing photoliquids being received continue to exceed the quantities needed for fertilizer manufacturing. The Company has a substantial on-site inventory to support seasonal sales requirements and for sales expansion.

Troy ounces of silver sold in the first nine months of 2012 were down compared to the prior year period and the price of silver was down, so the decrease in Silver Revenue is due to a combination of lower production and lower silver prices. The silver is extracted from silver-bearing photo liquids prior to their use in fertilizer manufacturing. Because of this, silver production fluctuates with fertilizer production.

The Company has been operating the previously announced Itromet FeLix silver iron separation process, which chemically separates iron from silver as a batch operation, since August 2010. The immediate focus is on processing internally manufactured refinery feed materials in order to reduce refining costs and increase refining capacity while producing a superior iron byproduct for use in the GOLD'n GRO fertilizers.

"The iron rich liquid produced by the silver iron separation process is standardized and used as an ingredient in one of the GOLD'n GRO fertilizers," said Dr. John Whitney, Itronics President. "The use of our own iron nutrients in the GOLD'n GRO fertilizer improves quality and effectiveness while stabilizing the cost for our customers and generating a positive gross profit for the Company."

The new silver iron separation process is being developed to process internally produced silver iron bearing chemical precipitates, silver iron matte solids and to process silver-bearing steel wool solids to the extent that they are available. The Company plans to expand this cost reducing technology to fully meet its internal needs.

Due to increases in dry silver-bearing solids handling, the Company needs to expand the refinery's solids handling and processing capabilities. Planning is underway to set up a small scale dry solids processing circuit with crushing and screening capabilities. A jaw crusher, a cone crusher, and a screening machine have been acquired for this. A separate area in the plant is available for this operation, and a plan and budget are being developed so that the installation can be completed in 2013.

Expansion of this solids processing capability may make it possible, in the future, for the Company to begin purchasing and processing silver gold bearing refinery slags generated by some of the smaller gold and silver mines in Nevada. The Company is studying the potential for marketing the increased quantities of silver bearing glass slag that would be generated.

The Company did announce that Whitney & Whitney technical services, a wholly owned subsidiary, has increased revenues due to expansion of service support for one of its long term mining clients. This expanded service support is expected to continue for several years. Continued expansion of the gold mining sector in Nevada may produce additional opportunities that are attractive to the Company.

Unaudited Revenues for the third quarter, and first nine months ended September 30, 2012 together with comparative figures for 2011 are presented below:

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 web site,, which provides a value-added WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior Gold Stocks, and Junior Mineral Stocks.


"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 reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Paul Knopick


Itronics Companies (click icons)

Recent News (archives)

01/20/16 - Itronics Updates Operation Results and Reports Full Year 2015 Sales

01/07/16 - Itronics' 2015 Fourth Quarter GOLD'n GRO Fertilizer Sales Increased 26 Percent; Full Year Fertilizer Sales up

12/08/15 - Itronics Obtains Funding for Installation and Start up of a New Leach Reactor System

11/19/15 - Itronics Updates Operation Results; Reports Nine Month 2015 Sales

11/12/15 - Itronics Completes Installation and Start Up of New Glass Slag Crusher and Crushed Glass Screening Machine in Its Silver Refinery

10/29/15 - Itronics Reports First Nine Months 2015 GOLD'n GRO Fertilizer Sales Volume Increase; Revenues Down Slightly

10/27/15 - Itronics Wins Manufacturing Excellence Award

10/06/15 - Itronics Ships First Silver Produced by Its New Refining Technology

09/15/15 - Itronics Details Revised Business Plan for Investors

08/11/15 - Itronics Doubles Silver Production Capacity

07/28/15 - Itronics Reports First Half 2015 GOLD'n GRO Fertilizer Sales; Modest Revenue Decline on Increased Volume

0714/15 - Itronics Announces E-Waste Shredder Installation; E-Waste Recycling Feasibility Study Progresses

06/16/15 - Dr. John Whitney, Itronics Founder and President, to Speak at Colorado School of Mines Conference on Recycling Metals From Industrial Waste

06/02/15 - Itronics Reports That Lab Tests Demonstrate KAM-Thio Technology Neutralizes Cyanide in Spent Cyanide Solution

05/19/15 - Itronics Reports 2015 First Quarter Revenues up 6.6 Percent

05/06/15 - Itronics New Silver Refining Furnace Operates at 2100 Degrees Fahrenheit; Reduces Electrical Energy Requirement by 30 Percent

04/09/15 - Itronics Reports 11 Percent Increase in 2015 First Quarter GOLD'n GRO Fertilizer Sales

04/02/15 - Itronics Provides Operations Update, Outlook for 2015

03/17/15 - Itronics Demonstrates Innovative Method to Recover Zinc Powder

01/29/15 - Itronics Details 2014 GOLD'n GRO Fertilizer Sales

01/20/15 - Itronics Announces Discovery of Surface High Grade Zinc-Lead-Silver Mineralization at Its Auric Fulstone Copper Gold Project

11/18/14 - Itronics Third Quarter 2014 Sales Increase 149 Percent on a 251 Percent Increase in GOLD'n GRO Fertilizer Sales

10/28/14 - Itronics' First Nine Months 2014 Total GOLD'n GRO Fertilizer Sales Up 3 Percent Despite Sever California Drought

07/24/14 - Itronics Reports First Half 2014 GOLD'n GRO Fertilizer Sales

04/29/14 - Itronics Reports First Quarter 2014 GOLD'n GRO Fertilizer Sales Approximately Equal 2013 Despite Water Restrictions, Drought

04/24/14 - Itronics Announces Additional Gold'n Gro Fertilizers for Lawns, Plants Now Available on

04/17/14 - Itronics Announces GOLD'n GRO Fertilizer for Lawns, Plants and Berries Now Available on

04/03/14 - Itronics Reports 2013 Full Year Revenues and Outlook for 2014

04/01/14 - Itronics Announces GOLD'n GRO Fertilizer for Indoor and Outdoor Plants and Vegetables Now Available on

02/25/14 - Itronics Announces Breakthrough Invention: New Silver Refining Process

01/15/14 - Itronics Invents Process to Recover Zinc From Zinc-Bearing Brass and Bronze Smelter Flue Dust; Contained Silver and Gold Also to Be Recovered

01/09/14 - Itronics 2013 Fourth Quarter Gold'n Gro Fertilizer Sales Increases 20 Percent; Full Year Gold'n Gro Fertilizer Sales Increases 8 Percent



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