Spot Uranium Price Likely to Jump After Two Auctions This Week

Source: Platts (5/30/07)

While the spot price of uranium is likely to rise sharply after two auction-like sales are completed Wednesday and Friday, the two leading price-reporting firms late Tuesday were keeping their prices at last week's levels.

Ux Consulting maintained its price at $125 per pound of U3O8, while TradeTech kept its price at $122/pound U3O8.

The first auction this week is by Texas-based Mestena Uranium, which is accepting bids Wednesday for delivery of 100,000 pounds of U3O8 in June. The second auction is set for Friday by Georgia-based trader American Fuel Resources, which is said to be acting on behalf of an investment fund.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."