United States Antimony drops 25% on revenue slump, slashed guidance

Results are significantly linked to antimony’s decline in value throughout H1

Rowan Dunne

Published

2 hours ago

Despite enthusiasm about United States Antimony Corp (NYSE: UAMY) recently uplisting to the New York Stock Exchange, the mining and processing firm just took a dive after releasing unfavourable revenue figures and slimmer guidance for the year.

UAMY shares plunged roughly 25 per cent on Aug. 12, closing near US$4.97 after the previous session’s US$6.58 finish. Heavy selling pressure drove trading volume to about 27 million shares, more than triple the recent average, as investors reacted sharply to the second quarter results released after the market closed on Tuesday.

The company posted revenue of US$7.9 million, down from US$10.5 million a year earlier, even though antimony pounds sold rose 26 per cent to 428,425. Average selling prices declined sharply across the first half of 2026, with the second-quarter figure collapsing approximately 52 per cent to US$13.70 per pound from US$28.32 a year earlier. This crushed the gross margin from 27 per cent to just 7 per cent year-over-year.

Management cut full-year 2026 revenue guidance to a range of US$60 million to US$75 million from the earlier US$125 million target. Chief executive Gary Evans indicated he expects prices to remain near US$10 per pound through the rest of the year. That sharp price decline throughout the first half of 2026 directly forced the guidance reset and triggered the heavy sell-off.

“Worldwide antimony prices declined during the first six months of 2026 which has obviously affected our revenue projections,” Evans stated in a news release.

Optimism around domestic antimony operations endures though, as the essential nature of the metalloid for defence, flame retardants and other industrial uses has not diminished. This strategic importance in the U.S. sector was underscored when Evans was invited to President Donald Trump’s American Mining Industry Roundtable in Washington, D.C. this month, reinforcing the push for stronger domestic critical minerals supply chains.

United States Antimony and Americas Gold and Silver Corporation (TSE: USA) (NYSEAMERICAN: USAS) (FRA: SZ71) currently stand as the nation’s only significant domestic producers. However, promising near-production projects such as the Stibnite development being advanced by Perpetua Resources Corp (TSE: PPTA) (NASDAQ: PPTA) and NevGold Corp‘s (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) Limousine Butte project continue to attract attention, offering potential to expand American supply and national security.

The latest $UAMY earnings highlight a much larger… and frankly frightening issue for the United States:

How are domestic companies specializing in critical minerals supposed to survive when prices are this volatile and China holds enormous influence over the global market?… https://t.co/OSDe9hJk0J pic.twitter.com/lLyIDdxfYB

— cek (@cekdrew) August 11, 2026