Uranium One Reports Record Sales of 3.1 Million Pounds

Uranium One Inc. (TSX:UUU) reported record quarterly revenue of$157.7 million for Q3 2011 based on sales at an average price of $51 per pound.

As quoted in the press release:

Quarterly production was 2.5 million pounds. Net earnings during Q3 2011 were $45.8 million, or $0.05 per share.

Uranium One’s CEO, Chris Sattler said:

With record production and sales during the quarter, as well as continued low cash costs, 2011 is shaping up to be a solid year for Uranium One financially. Our focus remains on achieving our operational targets and we look forward to the completion of a revised feasibility study for the Mkuju River Project in Tanzania in the new year.

Click here to read the Uranium One (TSX:UUU) press release.