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Uranium One Reports 2012 Results, Shares Up 1.8%

Uranium One Inc (UUU.TO) reported a record revenue of $562.9 million in 2012, compared to $530.4 million in 2011. The average realized sales price during 2012 was $48 per pound compared to $54 per pound in 2011. The average spot price in 2012 was $49 per pound.

Operating expenses per pound sold were $16 for 2012 compared to $14 in 2011.

Earnings from mine operations were $224.8 million during 2012, compared to earnings from mine operations of $262.6Â million in 2011.

Attributable inventory as at December 31, 2012 was 3.7 million pounds, which includes work in progress as well as finished product. Finished product at conversion facilities awaiting pre-scheduled deliveries into sales contracts was 0.9 million pounds at December 31, 2012.

The net loss for 2012 was $96.7 million or $0.10 per share, compared to net earnings of $88.4 million or $0.09 per share for 2011.

The adjusted net earnings for 2012 were $68.2 million or $0.07 per share, compared to adjusted net earnings of $113.7Â million or $0.12Â per share for 2011.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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