Kazatomprom hikes outlook after higher uranium production so far this year
The world’s top producer boosted production 6% year-on-year in the first half of the year.
Kazatomprom
Top uranium producer Kazakhstan hikes tax
Kazakhstan, the world’s largest producer of uranium, is increasing its mining tax on the nuclear fuel by at least 50% next year. The central-Asian country is to raise the rate…
Investors should heed growing supply after uranium’s recent runup
Uranium prices surged from just over US$50 per lb. in April 2023 to more than US$100 per lb. by January 2024. Since then, there has been a moderate pull-back; uranium…
Kazatomprom uranium sales lag behind production
The world’s top uranium producer, Kazatomprom (LSE: KAP), reported a 10% increase in production in its first quarter results, while sales were down by more than a half compared to…
Cameco shares drop on ‘disappointing’ first quarter loss
Cameco (TSX: CCO; NYSE: CCJ) shares fell 7% Tuesday after first quarter results showed net losses of $7 million. The uranium major’s adjusted net earnings fell 51% to $56 million, a…
Energy Fuels aims to double uranium output
The company is preparing additional mines in Colorado and Wyoming for expected production within one year.
Why uranium above US$100 per lb. is ‘sustainable’ — and likely headed higher
Mining analyst David Talbot began covering the uranium sector in June 2007 – the same month uranium prices reached their all-time high of US$136 per lb., then rapidly retreated. Prices…
Uranium price bound for US$160 record: Sprott
The price of uranium could surpass 2007 highs this year as utilities ramp up demand for nuclear fuel and miners hit snags in boosting supply, the world’s largest investment fund…
McClean Lake uranium mine headed for 2025 restart
Denison Mines (TSX: DML; NYSE: DNN) and joint venture partner Orano Canada said on Wednesday they will restart the McClean Lake mine, located in the uranium-rich Athabasca Basin in northern Saskatchewan,…
Uranium sector ‘scrambling’ to fill supply gap
The price of uranium will hit triple-digits for the first time since 2007 as nations weaning off oil and seeking energy security deplete nuclear fuel supplies, the world’s largest investment…
Top uranium miner Kazatomprom to develop own rare metals deposit
The world’s largest uranium producer, Kazatomprom (LSE: KAP), will begin developing its own deposit of rare metals in Kazakhstan’s Aktobe province through its subsidiary Ulba Metallurgical Plant. The Kazatomprom’s unit,…
Kazatomprom’s 2022 profit doubles as it lowers 2023 production guidance
Kazatomprom (LSE: KAP) reported a 115% increase in full-year 2022 earnings on Friday, thanks to a 31% increase in the average realized uranium price. Despite the solid financial performance, the…