Uranium One produced 53.7 kg (1,726 oz) and sold 48.9 kg (1,571 oz) of gold, of which 31.8 kg (1,022 oz) were produced from the processing of stock-piled ore from the Bonanza Project at an average price of $670/oz.
March 2, 2007
Refurbishment work to the existing crushing and milling circuits has been undertaken since 2006 and the tie in to the new Uranium plant is in progress.
February 28, 2007
The Bonanza gold plant was effectively integrated into the Dominion uranium plant and the gold produced will be treated as a by-product resulting from the processing of uranium bearing ore. Accordingly, gold revenues will be used to reduce capital development costs (gold revenue capitalized in Q1 2007 amounted
to $0.4 million). This practice will continue until the Dominion Uranium Project reaches commercial production. (May 11/07)
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