BUSINESS SEGEMENTS

6 Months Ended

Jun. 30, 2023

BUSINESS SEGEMENTS

BUSINESS SEGEMENTS

NOTE 10 – BUSINESS SEGMENTS

The Company is organized and managed with four business segments, which represent our operating units: United States antimony operations, Mexican antimony operations, precious metals recovery and United States zeolite operations.

The Puerto Blanco mill and the Madero smelter at the Company’s Mexico operation bring antimony up to an intermediate or finished stage, which may be sold directly to customers in the United States or shipped to the United States operation for finishing at the Company’s plant near Thompson Falls, Montana. The Puerto Blanco mill in Mexico is the site of our crushing and flotation plant, and a cyanide leach plant which recovers precious metals after the ore goes through the crushing and flotation cycles. A precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, Montana, where a 99% precious metals mix is produced. The zeolite operation produces zeolite near Preston, Idaho. Almost all the sales of products from the United States antimony and zeolite operations are to customers in the United States. Sales to foreign customers are primarily to customers in Canada.

Total Assets:	June 30, 2023		December 31, 2022
Antimony
United States	$	17,129,056	$	21,636,386
Mexico		9,402,830		8,484,131
Subtotal antimony		26,531,886		30,120,517
Precious metals
United States		201,338		172,004
Mexico		581,654		625,292
Subtotal precious metals		782,992		797,296
Zeolite		4,954,435		3,782,637
TOTAL ASSETS	$	32,269,313	$	34,700,450

	For the three months ended June 30,				For the six months ended June 30,
Capital expenditures	2023		2022		2023		2022
Antimony
United States	$	58,299	$	51,927	$	61,849	$	80,277
Mexico		38,754		10,724		152,322		11,565
Subtotal antimony		97,053		62,651		214,171		91,842
Precious metals		-		9,138		-		17,518
Zeolite		636,033		299,865		1,133,685		435,239
Total capital expenditures	$	733,086	$	371,654	$	1,347,856	$	544,599

Segment operations for the three months ended June 30, 2023	Antimony - USA		Antimony -Mexico		Total antimony		Precious Metals		Zeolite		Total
Total revenues	$	1,351,705	$	238,456	$	1,590,161	$	126,321	$	787,091	$	2,503,573
Depreciation and amortization	$	10,362	$	138,170	$	148,532	$	27,673	$	64,895	$	241,100
Income (loss) from operations	$	(317,513)	$	(315,076)	$	(632,589)	$	98,648	$	23,852	$	(510,089)
Other income											$	173,624
NET LOSS											$	(336,465)

Segment operations for the three months ended June 30, 2022	Antimony - USA		Antimony -Mexico		Total antimony		Precious Metals		Zeolite		Total
Total revenues	$	1,644,259	$	827,822	$	2,472,081	$	95,453	$	1,020,391	$	3,587,925
Depreciation and amortization	$	11,101	$	143,736	$	154,837	$	27,674	$	48,546	$	231,057
Income from operations	$	120,636	$	24,396	$	145,032	$	67,779	$	154,124	$	366,935
Other expense											$	(5,712	)
NET INCOME											$	361,223

Segment operations for the six months ended June 30, 2023	Antimony - USA			Antimony -Mexico			Total antimony			Precious Metals		Zeolite			Total
Total revenues	$	2,964,344		$	238,456		$	3,202,800		$	242,433	$	1,269,184		$	4,714,417
Depreciation and amortization	$	18,642		$	275,284		$	293,926		$	55,346	$	116,069		$	465,341
Income (loss) from operations	$	(255,441	)	$	(1,412,838	)	$	(1,668,279	)	$	187,087	$	(40,753	)	$	(1,521,945	)
Other income															$	378,496
NET LOSS															$	(1,143,449	)

Segment operations for the six months ended June 30, 2022	Antimony - USA		Antimony -Mexico			Total antimony		Precious Metals		Zeolite		Total
Total revenues	$	4,473,189	$	827,822		$	5,301,011	$	172,787	$	1,694,433	$	7,168,231
Depreciation and amortization	$	20,570	$	282,193		$	302,763	$	55,194	$	93,250	$	451,207
Income (loss) from operations	$	1,512,148	$	(659,641	)	$	852,507	$	117,593	$	176,415	$	1,146,515
Other income												$	960
NET INCOME												$	1,147,475