North American Production Atrophy for 2008; 2009?

Source: Uranium Weekly, Geordie Mark (2/18/09)

"North American U308 2008 production data show that Canada and the USA combined produced ~1.93 million fewer pounds U308 than in 2007."

The UxC U308 spot price remained static this week closing Tuesday at US$47, after declining US$ 1 last week. . .
The UxC U308 Long Term (LT) price again remains at US$70.00 per pound of U308e, unchanged now for 16 weeks. . .
FIP (Fund Implied Price) decreased on the week, down -2.7 % or US$1.10 (TP), to close at -US$39.94 per pound of U308e Tuesday. The FIP is now $US 7.06 or 15 % below the spot price, decreasing the spread $0.53 or 32.5 % this week.

North American U308 2008 production data show that Canada and the USA combined produced ~1.93 million fewer pounds U308 than in 2007. United States Q4O8 data show that ~1,058,386 pounds U308 was produced in the period, which means that the country declined to an annual production of 3.92 Mlb U308, or ~0.6 Mlb U308 less than in 2007. . .

The Demand Side showed activity via the establishment of an Indian Joint Venture to build at least two new domestic reactors. Negotiations between Turkey and Russia have moved closer to finalize an agreement to build Russian-made reactors in Turkey under the auspices of a broader energy alliance with Russia also providing natural gas and electricity. . .

The Supply Side was highlighted by Cameco's 2008 production data, which returned 17.0 Mlb U308 in commercial production. Lower than forecast production resulted from lower output at McArthur River/Key Lake and USA operations. Removal of a potential 2011 production guideline for production at Cigar Lake by Cameco indicates that this guidance for the project will be delayed. . .

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Source: Streetwise Reports (07/13/2020)

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"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."