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Denison uranium miner loses, with falling uranium sales

UPDATE 1-Denison Mines falls to loss on soft uranium sales, TORONTO Aug 4 (Reuters) – Denison Mines  reported a second-quarter loss on Thursday as uranium sales fell sharply in the aftermath of the nuclear crisis in Japan.

The uranium producer said it had a net loss of $13.7 million, ….

It sold 116,000 pounds of uranium at an average price of $65.94 a pound, compared with 417,000 pounds at an average price of $45.56 in the second quarter of 2010.

Denison said that uranium demand has decreased in the aftermath of the nuclear accident in Japan and that it has deferred sales to the second half of the year, with some 570,000 pounds available in inventory…http://af.reuters.com/article/metalsNews/idAFN1E7731YV20110804

August 6, 2011 - Posted by | business and costs, Canada, Uranium

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