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Uranium One's output up 106%

Companies

Uranium One (UUU) has reported record production and sales for the fourth quarter and for the full year 2010.

On Tuesday, the company said that its attributable production for 2010 had increased by 106% to 7.4 million pounds of U3O8, compared with 3.6 million pounds produced in 2009.

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During the fourth quarter of 2010, attributable production was 2.1 million pounds of U3O8, a 75% increase compared with 1.2 million pounds produced during the fourth quarter of 2009 and a 24% increase compared with 1.7 million pounds produced in the third quarter of 2010.

The company noted that, in addition, attributable production from the newly acquired Akbastau and Zarechnoye mines from December 27 2010 to the end of the year was about 34,000 pounds of U3O8.

It added that attributable sales for the full year 2010 were 6.9 million pounds of U3O8, representing a 116% increase compared with 2009 attributable sales of 3.2 million pounds of U3O8.

During the fourth quarter of 2010, the attributable sales volume was 2.9 million pounds of U3O8, representing a 93% increase in sales compared with 1.5 million pounds during the fourth quarter of 2009 and a 71% increase compared with 1.7 million pounds sold during the third quarter of 2010. - I-Net Bridge

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