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E-waste Recycling November 08, 2017 02:30:05 PM

Silver Bullion Production from Electronics Scrap Increased by 24%

Paul Ploumis
ScrapMonster Author
The company announced 24% jump in per-melt silver production during the first three quarters of the current year. Also, Itronics press release noted that it is very much on track to raise the production jump by another 11% to make it 35% for the entire year 2017.
Silver Bullion Production from Electronics Scrap Increased by 24%

SEATTLE (Scrap Monster): Reno, Nevada-based Itronics, Inc. has announced that process improvements implemented at its facilities during the second half of the year has resulted in increased silver bullion production using electronic scrap.

The company announced 24% jump in per-melt silver production during the first three quarters of the current year. Also, Itronics press release noted that it is very much on track to raise the production jump by another 11% to make it 35% for the entire year 2017. Further, Itronics plans to add an additional e-scrap grinder to its operations, which in turn would result in expansion of per-melt silver production by added 40% during the second quarter of 2018.

Itronics Inc. reported 5,586% increase in silver sales during the third quarter of 2017. The cumulative silver sales during the first three quarters were up by 2,492%. The Q3 total revenues dropped to $185,716 as compared with $232,455 during the corresponding quarter a year before. On the other hand, the combined total revenue increased from $1,203,933 during Jan-Sep ’16 to $1,431,342 during the nine months ended September 30, 2017.

According to the company, it settled a silver bullion shipment and the shipment of a silver-copper bearing glass during the third quarter of 2017, thereby establishing the company’s breakthrough technology by which precious silver is recovered from discarded computer circuit boards, thereby eliminating any chances of environmental pollution caused due to hazardous waste. The silver bullion shipment is expected to settle before the end of 2017. Almost a year back, the company had produced its first ever silver bullion from e-scrap. Meantime, the glass shipment is expected to be settled before January next year.

The company press release noted a refining campaign is under process, aimed at producing its third silver bullion shipment. As per feedback from ongoing refining process, the shipment is expected to be settled during the first quarter next year.

Analysts forecast significant increase in gold and silver prices from the current levels. The company is positioned to reap benefits by expanding its production, mainly on account of rising prices. Many commodities including copper, silver, gold and palladium witnessed sharp rally in prices during 2017. The company plans aggressive development of its production portfolio to tap maximum benefits out of the predicted jump in commodity prices in the near-term by adding more furnaces to increase the capacity of operation. Also, Itronics is currently expanding to commercial levels.

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