Uranium One Reports $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.

To view the whole Mining Weekly report, click here.