Reuters reported Intrepid Potash expected second-quarter sales greater than its own estimates, despite a decrease in potash sales by 225,000 tons from the same period last year.
As quoted in the report:
Intrepid estimated production to have been between 165,000 and 175,000 tons of potash and sale of 180,000 to 190,000 tons. The company had earlier forecast potash sales volumes in the range of 125,000 to 175,000 tons for the quarter.
The company commented:
Production results for the second quarter include the benefit of record hoisting rates at our West mine in Carlsbad, New Mexico.