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« First Japanese nuclear power plant since Fukushima to resume operations | Main | Understanding Global Monetary Policy: And How to Profit From It »
Thursday
Nov062014

Ur-Energy Posts Third-quarter Financial Results, Raising Expectations

Chart courtesy of u308.biz

Ur-Energy (TSX:URE,NYSEMKT:URG) released its third-quarter financial results on Monday and analysts have been poring over them ever since.

During the quarter, the company captured 131,331 pounds of U3O8, with 125,915 pounds of that amount being packaged in drums. Ur-Energy was able to sell 100,000 pounds to generate revenue of $6 million — largely because of a contract price agreed to beforehand.

Though the uranium spot price fell to about $31.17 during the last quarter, Ur-Energy was able to sell its products for $59.96 per pound, equivalent to a 92-percent premium.

“Throughout the first full year of production at Lost Creek, the project has been able to achieve operating costs on the lowest end of uranium ISR cost metrics. Our cost profile,


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