Uranium Spot Price Continues to Sink

Source: Mineweb.com (8/21/07)

Spot uranium, according to UX Consulting, a leading supplier of uranium prices, fell to $90 a pound this week, down from $105 in a previous auction and off by one third from a peak of $136 a pound in late June.

Spot uranium prices fell below $100 a pound this week for the first time since April, as speculative interest in the metal, used to fuel most of the world's nuclear reactors, dried up.

And prices were expected to ease further, analysts said.

Spot uranium, according to UX Consulting, a leading supplier of uranium prices, fell to $90 a pound this week, down from $105 in a previous auction and off by one third from a peak of $136 a pound in late June.

"Since the beginning of August, the financial world has changed and markets are pricing risk far more aggressively than in the past," Paul Carter at Argonaut Securities in Perth said.

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."