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Mining Weekly reported that, despite an increase in first quarter production, Uranium One announced a $9.5 million net loss in Q1.
Mining Weekly reported that, despite an increase in first quarter production, Uranium One announced a $9.5 million net loss in Q1.
As quoted in the Mining Weekly report:
The group, which owns assets in Kazakhstan, the US, Australia and Tanzania, recorded a 60% drop in earnings from mine operations, including joint ventures (JVs), reaching $19.6-million during the first quarter, compared with the $49.3-million achieved in the corresponding period the year before.