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Denison Mines Holds Production, Waits For Higher Uranium Price
Jun. 21, 2012 09:18AM PST
Energy InvestingReuters reported Denison Mines (TSX:DML,NYSE:DNN) said it will start developing its uranium mine in Zambia once the price of yellowcake rises about $65 a pound.
Reuters reported Denison Mines (TSX:DML,NYSE:DNN) said it will start developing its uranium mine in Zambia once the price of yellowcake rises about $65 a pound.
As quoted in the market news:
The spot uranium price UX-U3O8-SPT has languished at just above $50 a lb for the past year, falling from around $70/lb after an earthquake and tsunami in February 2011 crippled the Fukushima plant, leading to the closure of Japan’s 50 reactors and souring sentiment elsewhere for nuclear power.