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Itronics Reports Second Quarter Silver Sales up 24 Percent
Jul. 28, 2010 12:12PM PST
Silver InvestingItronics Inc. (PINKSHEETS: ITROD) reported 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.
Itronics Inc. (PINKSHEETS: ITROD) reported 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.
The press release is quoted as saying:
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.