Uranium One Announces 2016 Production of 12.7 Million Pounds

Uranium One (TSX:UUU) has reported revenue of $314.6 for 2016, with attributable revenue at $405.7 million for 2016 based on sales of 13.5 pounds. Attributable production for 2016 was 12.7 million pounds.
As quoted in the press release:

2016 Highlights
Operational

• Total attributable production during 2016 was 12.7 million pounds, compared with total attributable production of 12.5 million pounds during 2015.
• The average total cash cost per pound sold of produced material decreased to $9 per pound during 2016, compared to $11 per pound during 2015.

Financial

• Attributable sales volumes of produced material for 2016 were 13.5 million pounds sold from the Corporation’s operations and equity accounted investees compared to 12.3 million pounds sold during 2015.
• Headline revenue was $314.6 million in 2016, compared to $324.7 million in 2015.
• Attributable revenues consistent with the Corporation’s segment reporting, which includes revenues from its interests in equity accounted investees, amounted to $405.7 million in 2016, compared to $541.2 million in 2015.
• The average realized sales price of produced material during 2016 was $27 per pound, compared to $36 per pound in 2015. The average spot price in 2016 was $26 per pound compared to $37 per pound in 2015.
• Gross profit was $41.9 million during 2016, compared to gross profit of $4.4 million in 2015.
• Gross profit, including the Corporation’s share of gross profit from equity accounted investees, totaled $132.5 million in 2016, a 35% decrease compared to $204.5 million in 2015, mainly due to a decrease of 22% in the average realized sales price, partly offset by an increase of 10% in sales volume.
• Net earnings for 2016 were $252.6 million or $0.26 per share, compared to net earnings of $70.7 million or $0.07 per share for 2015.

Click here to read the full press release.