Uranium One announced that attributable production for the year 2009 was 3.6 million pounds U(3)O(8), an increase of 24% over attributable production of 2.9 million pounds U(3)O(8) for 2008. The average cash cost per pound sold was $16 per pound during 2009, compared to $14 per pound during 2008.
Uranium One Inc announced inaugural reserve estimates for its South Inkai and Karatau Uranium Mines in Kazakhstan, as well as a significant increase in resources at Karatau. The Company also announced the completion of the acquisition of Christensen Ranch and Irigaray processing plants in Wyoming and an update to its standstill arrangement with JSC Atomredmetzoloto.
Uranium One Inc. reported operational and financial results for the quarter ending March 31, 2009. Attributable commercial production of 700,900 pounds during Q1 2009 was 62% higher than the 431,500 pounds of commercial production during Q1 2008. Attributable sales volumes during Q1 2009 were 880,600 pounds, an increase of 211% from attributable sales volumes of 283,300 pounds during Q1 2008 and an increase of 59% over the average quarterly sales volume during 2008.
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