Uranium Participation Corporation Reports Net Losses of $20 Million

Uranium Participation Corporation (TSX:U) announced their financial results for the three months ended May 31, 2013.

As quoted in the press release:

Net losses incurred of $20.0 million for the three months ended May 31, 2013 (May 31, 2012: net income of $27.4 million) was primarily due to unrealized losses on investments of $19.1 million (May 31, 2012: unrealized gains of $29.5 million) a result of the decline in U3O8 and UF6 spot prices, offset by an increase in foreign exchange rates in the period.

To view the whole press release, click here. 

Get the Latest Uranium Investing Stock Information

Get the latest information about companies associated with Uranium Investing delivered directly to your inbox.

Uranium

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Peninsula-Energy-Logo-

Peninsula Energy

Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

Connect here and don't miss their next catalyst!Learn More
Comments

Leave a Reply