Uranium One Inc
SymbolUUU
Shares Issued469,975,538
Close 2009-11-12C$ 3.23
Recent Sedar Documents

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Uranium One loses $11.9-million (U.S.) in Q3

2009-11-13 08:15 ET - News Release

Mr. Jean Nortier reports

URANIUM ONE ANNOUNCES 72% INCREASE IN YEAR TO DATE PRODUCTION AND LOWER CASH COSTS

Uranium One Inc. has provided its operational and financial results for the quarter ending Sept. 30, 2009. The financial statements, as well as the accompanying management's discussion and analysis, are available for review at the company's website and should be read in conjunction with this news release. All figures are in U.S. dollars unless otherwise indicated. All references to pounds sold or pounds produced are to pounds of U(3)O(8).

Third quarter 2009 highlights:

  • Total attributable production was 834,800 pounds during the third quarter of 2009, 19 per cent higher than the production recorded during the third quarter of 2008 and in line with total attributable production during the second quarter of 2009.
  • Average total cash cost per pound sold decreased from $17 per pound during the second quarter of 2009 to $15 per pound during the third quarter of 2009.
  • Attributable sales volume was 423,100 pounds during the third quarter 2009, in line with scheduled deliveries under contracts with customers. Attributable sales volume to date in the fourth quarter of 2009 is 550,000 pounds.
  • Average realized sales price was $50 per pound, which was $5 per pound higher than the average spot price during the third quarter of 2009. Revenue was $21.3-million.
  • Earnings from mine operations were $9.4-million.
  • On Aug. 7, 2009, Uranium One entered into a definitive agreement to acquire the licensed and permitted Irigaray ISR central processing plant, the Christensen Ranch satellite ISR facility and associated U(3)O(8) resources located in the Powder River basin of Wyoming for $35-million in cash.

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.