Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.
Uranium Mining News
Down more than 6% Friday as realities of Japanese reactor restarts make an impact.
Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.
Majors and juniors swap roles in $7 billion a year mining exploration sector
EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.
The three new minerals, leesite, leószilárdite and redcanyonite, will allow researchers to study how different forms of uranium can propagate in the natural environment.
Prices for the radioactive metal have fallen more than 50% since the Fukushima disaster in 2011
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
On December 8, 2016, Palisade Research came out with a bold prediction – the bottom for uranium and uranium stocks was in.
Discovered in 1976, the property area was the subject of intense exploration during the 1970s and 1980's, when Acquitaine Company of Canada and Esso Resources Canada completed 190 drill holes totaling approximately 22,000 m on the project area.
Tepco’s termination of the contract would affect about 9.3 million pounds of uranium deliveries through 2028, Cameco said.
While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"
Minerals and metals prices are rising, investor confidence in the majors is returning, and those majors are keen to restock depleting minable reserves.
Frank discusses the gold and bond markets and how they have been driven by global uncertainty.
Readers may be surprised to learn that precious metals mines are well behind two uranium cash cows.
Uranium has been the most-hated commodity since 2011 - and the Global X Uranium ETF has been pummeled over 90% in a brutal bear market.
Shares were up more than 45% on Tuesday mid-morning after it announced that joint venture partner Rio Tinto will start drilling for uranium at the company's asset in Saskatchewan.
Cameco (NYSE:CCJ, TSX:CCO) has inflicted more pain on its payroll as Canada’s largest uranium producer struggles amid a flat market for the nuclear fuel.
In the wake of announced production cutbacks by Kazakhstan's state-owned uranium mining powerhouse, Kazatomprom, the beleaguered uranium market has seen an upswing.
Takeover would make of Sibanye Gold the world's third largest palladium producer and fourth biggest platinum group metals miner.
The Canadian Security Intelligence Service (CSIS) warning highlights an additional risk for the energy sector
Company will perform the work and federal government will contribute about half of the more than $600 million cleanup costs.
Companies claim land transfer is de facto expropriation without consultation.
GoviEx uranium documentary
World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.