It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.
Uranium Mining News
Work at the asset, located immediately next to Cameco's Fox Lake uranium discovery, will be carried out by a helicopter-supported team based at Cameco's nearby majority-owned McArthur River.
The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.
Uranium improved to an 8-week high this week, but consensus forecasts are for a 35% rise over the next 12 months.
According to PwC's Mine 2017 report, Canada's largest mining companies played a key role in the international mining sector's emerging growth.
The Alto Pará property covers an area of 70,498 ha of land and is located near Itaupu, the second largest hydro-electric dam in the world.
A uranium exploration and development company focused on projects in the Western U.S., led by a team that has done it before, begins trading on the TSX Venture exchange July 7.
Rick Rule of Sprott US Holdings sits down with Maurice Jackson of Proven and Probable to discuss the deep value proposition that he foresee’s with Prospect Generators and Uranium.
Weak uranium market and new Tanzania’s regulations named the main culprits.
The permit renewal comes only a year after the miner obtained regulatory approval from the Canadian Nuclear Safety Commission to rise annual uranium production capacity from 13 million to 24 million pounds.
Rick discusses the surprising lack of volatility in the markets and with the various worldwide challenges one would expect it to be much higher.
Toro Energy's Wiluna project, Vimy Resources' Mulga Rock project, as well as Cameco's Kintyre and Yeelirrie projects allowed to go on.
The uranium market has always been volatile, we are still on the right side of the bottom, and are clawing back to a regular place where the uranium market will function.
A plan by Pele Mountain Resources (TSXV:GEM) to mine uranium in northern Ontario while at the same time processing rare earths has fizzled.
The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.
Agreement is part of plan to double investment in the sector to $25bn in eight years.
Trump’s measures to revitalize the mining industry are steps on the right direction, and they will benefit not just the US, but also Canada, said Max Porterfield.
Utah officials claim the Bears Ears designation not only abused the Antiquities Act, but also undermines national security.
India and Kazakhstan have discussed ways to expand their ties as Prime Minister Narendra Modi held a bilateral meeting with Kazakh president Nursultan Nazarbayev in Astana.
Supporters of the moratorium, which expires in 2032, say new mining activity will likely boost the risk of uranium-contaminated water flowing into the Canyon.
If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.
In spite of a blockade on shipments of anthracite coal from occupied Donbas to Ukrainian thermal power plants (TPPs) since this past winter, the country has thus far avoided blackouts.
Junior mining investor enthusiasts will be duelling it out for the big money when the next contest by Stockpools and Kitco is launched the first week of June.
US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.
Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.