SOURCE: AXcess News

August 17, 2007 16:40 ET

AXcess News: Solid Earnings Overlooked in Market Selloff

HOUSTON, TX--(Marketwire - August 17, 2007) - Global markets took a beating over growing credit concerns in Europe and the United States with many stocks hit hard despite solid earnings results.

Reno-based Itronics, Inc. (OTCBB: ITRO) reported an 11 percent increase in second-quarter sales while Royal Gold (NASDAQ: RGLD) reported record results for the year, yet both companies' shares weren't reflecting those results.

Itronics, which manufactures five-ounce silver bars from recycled photochemicals, reported an 11 percent increase in sales for the quarter ending June 30, 2007 and 24 percent increase for six-months.

Royal Gold reported a 76 percent increase in royalties for the fourth-quarter ending June 30, 2007, which was a new record for the Denver-based company.

Itronics noted that photochemical waste volume shot up nearly 500 percent in the period. The Company manufactures environmentally friendly liquid fertilizers from the fluids, removing the heavy metals in the process which silver is then extracted from. The higher its raw material resources the more silver concentrate recovered and the greater amount of GOLD'n GRO brand liquid fertilizer is manufactured, which is why the Company's sales have been on the rise for the last three quarters.

Royal Gold's chief executive, Tony Jensen, credited the company's growth to higher metals prices and its royalty acquisition program.

While both companies saw strong results, lagging silver and gold prices over the past week only slightly improved Friday, mostly due to the spill over in market sentiment that sent stocks tumbling worldwide as credit worries infected Wall Street until this morning when the Fed cut direct loan rates to banks a half point, helping lift stocks near the close of the trading session.

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