Uranium Spot Price Falls to $85/Pound on DOE Auction

Source: Platts.com (9/4/07)

The decline was due primarily to reports of various winning bids in a recent auction of eight lots of uranium by the US Department of Energy.

The spot market price of uranium continued its downward plunge to $85 a pound U3O8, price reporting company TradeTech said in its latest market review. TradeTech's price at the end of July was $123/lb.

The decline was due primarily to reports of various winning bids in a recent auction of eight lots of uranium by the US Department of Energy. It its believed that one winning bid, by US utility Exelon for a small lot of some 20,000 lb U3O8 equivalent, went for a price that analysts evaluated as being around $60/pound.

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."