Uranium One Announces a 5% Increase in Q3 2013 Production to 3.2 Million Pounds at an Average Total Cash Cost of $16 per Pound Sold

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[{"type":"text","content":"\n\n\nTORONTO, Nov. 5, 2013 /CNW/ - Uranium One Inc. (\"Uranium One\") today\n reported quarterly revenue of $220.8 million for Q3 2013, including\n joint venture revenue, based on sales of 6.0 million pounds at an\n average realized sales price of $37 per pound at an average total cash\n cost per pound sold of $16.\n\n\nUranium One also announced today an update of the existing mineral\n resource and reserve estimates for its operations in Kazakhstan, the\n United States, Australia and Tanzania, including new and significantly\n increased mineral resource and reserve estimates for its Akbastau and\n Karatau uranium mines.\n\n\nQ3 2013 Highlights\n\n\nOperational\n\n\n\nTotal attributable production during Q3 2013 was 3.2 million pounds, 5%\n higher than total attributable production of 3.1 million pounds during\n Q3 2012.\n\n\nThe average total cash cost per pound sold was $16 per pound for Q3\n 2013, compared to $16 per pound for Q3 2012.\n\n\n\nFinancial\n\n\n\nAttributable sales volumes for Q3 2013 were 6.0 million pounds sold from\n the Corporation's operations and joint ventures compared to 2.9 million\n pounds sold during Q3 2012.\n\n\nRevenue was $41.0 million in Q3 2013, compared to $8.5 million in Q3\n 2012.\n\n\nJoint venture revenue in Q3 2013 was $179.8 million, compared to $134.1\n million in Q3 2012.\n\n\nThe average realized sales price during Q3 2013 was $37 per pound,\n compared to $49 per pound in Q3 2012. The average spot price in Q3 2013\n was $35 per pound compared to $49 per pound in Q3 2012.\n\n\nEarnings from mine operations were $10.4 million in Q3 2013, compared to\n $5.4 million in Q3 2012.\n\n\nEarnings from mine operations, including earnings from joint ventures,\n were $49.6 million in Q3 2013, a 15.7% decrease compared to earnings\n from mine operations, including joint ventures, of $58.8 million in Q3\n 2012.\n\n\nThe net losses for Q3 2013 were $63.6 million or $0.07 per share,\n compared to net losses of $61.6 million or $0.06 per share for Q3 2012.\n\n\nThe adjusted net earnings for Q3 2013 were $30.1 million or $0.03 per\n share, compared to adjusted net earnings of $7.3 million or $0.01 per\n share for Q3 2012.\n\n\nThe Corporation impaired the Honeymoon project due to continuing\n difficulties in the production process and issues in attaining design\n capacity combined w...

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