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Uranium

409 Posts
Pagina: «« 1 ... 13 14 15 16 17 ... 21 »» | Laatste | Omlaag ↓
  1. [verwijderd] 6 maart 2006 09:15
    Zijn er onder jullie nog mensen die aandelen van Cameco corp. hebben ! Ikzelf zit met een behoorlijke positie in dit bedrijf en wil het voorlopig dan ook bij dit ene bedrijf houden ! Het is toch een van de grootste en als de Uraniumprijs naar de toekomst blijft stijgen zit ik wel goed zeker?

    Graag jullie mening, Jo.
  2. -PR- 6 maart 2006 14:59
    quote:

    Eelco W schreef:

    Ik ben, zoals meerdere in dit draadje, erg positief over uranium. Ik heb op dit moment posities in UUU, PDN, EMC, CVV. Wat ik graag aan jullie wil vragen is of jullie weten over welke uranium producent het gaat in het volgende artikel?

    www.stansberryonline.com/ISS/20060211...
    Er worden wordt gesproken over 2 Uranium plays.
    De eerste is BHP Billiton (BHP.AX) of Energy Resources of Australia (ERA.AX) en daarmee indirect Rio Tinto (RIO.AX).

    BHP Billiton heeft de mijn met de grootste reserve ter wereld, namelijk Olympic Dam.

    Energy Resources of Australia heeft een mijn in het Ranger project in the Northern Territory, en hieronder valt onder andere Rum Jungle.

    Indirect is Rio Tinto eigenaar van het Ranger Project omdat het 68.4% van de aandelen van ERA bezit.

    Die tweede play ben ik nog niet achter...

    -PR-

  3. -PR- 6 maart 2006 15:03
    Hier trouwens een nieuwsbericht dat verder ingaat op die interesse van China in Uranium uit Australië. (bericht is van 17/10/2005)

    China Eyes Own Uranium Mining In Australia - Foreign Min

    CANBERRA (Dow Jones)--China wants to undertake its own uranium exploration and mining projects in Australia, Foreign Minister Alexander Downer said Monday.

    Downer said Chinas plans are possible if they cleared foreign investment rules, complied with Canberras nuclear safeguards arrangements, and if Australias Labor state governments reversed their opposition to further uranium mining beyond the countrys three mandated mines.

    The Australian government announced in August it would formally begin negotiating a nuclear trade deal with China, paving the way for uranium exports to Asias biggest consumer of energy.

    Canberra applies stringent controls on Australian exports of uranium, including that it only be used for peaceful purposes and not for the development of nuclear weapons.

    Downer said Labors so-called three mines policy prohibiting the licensing of new uranium mines makes Chinas push "all a bit academic."

    "But if they changed their policy, well theres no reason why Chinese companies cant invest in Australian resources industries," he told Australian Broadcasting Corp. radio.

    "But that would all be subject to the Foreign Investment Review Board," said Downer.

    Prime Minister John Howard said Monday he wasnt "directly aware" of any approach from China about conducting its own uranium mining in Australia "other than the normal interest of companies in which Chinese financial interests may in turn have an interest."

    "If China or indeed anyone else wants to mine uranium in Australia theyd be subject to the same laws as anyone else; thats our foreign investment laws, theyd have to get permits and so forth from the various state authorities, and of course they will have to comply with our uranium safeguards policy," he told the Nine Networks Today program.

    "So we will just deal with allcomers in accordance with our rules," Howard added.

    Questioned if he supported China being involved in its own uranium exploration in Australia, Downer said: "Well wed have to look at it on a case by case basis."

    "If Labor changed its policy, if we had a nuclear safeguards agreement (with China), and if the Foreign Investment Review Board approved the investment, then they could do it."

    "But there are, to use a Chinese-style expression, the three ifs," said Downer.

    Chinas surging demand for electricity and its planned fourfold increase in nuclear energy production by 2020 represents a potentially huge market for Australia.

    Australias three mandated uranium mines are BHP Billitons Olympic Dam in South Australia state, Energy Resources of Australia Ltd.s (ERA.AX) Ranger project in the Northern Territory, and the Beverley project in South Australia, owned by General Atomics of the U.S.

    Rio Tinto owns 68.4% of ERA.

    Canberra moved in early August to take administrative control for the approval of uranium mining in the Northern Territory, aiming to deliver greater certainty to industry players.

    Although second to Canada in production, Australia boasts the biggest reserves of uranium and is close to the rapidly expanding Asian market. Olympic Dam alone holds 38% of the worlds known uranium resources.

    Australian exports of uranium oxide rose to 10,964 metric tons valued at A$475 million in the last fiscal year ended June 30, from 9,569 tons valued at A$364 million in the previous 12 months.

    Still, uranium mining is a politically sensitive issue in Australia where governments have restricted output and offshore sales.

    Indeed, Canberras tight control over the supply chain means export earnings from uranium are dwarfed by the billions of dollars the economy draws from gas and coal customers abroad.

    However, the stakes are high for Canberra when it comes to China, given its expanding ties with one of the worlds fastest-growing economies.

    Exports to China are helping shrink Australias trade deficit and support domestic economic growth.

    The two countries are also in the middle of negotiating a free trade agreement.

    Australia currently has 19 nuclear agreements covering 36 countries, and Australian uranium exports account for around 2% of total world electricity production.

    **********
  4. -PR- 6 maart 2006 15:56
    De goed nieuws show omtrent Uranium gaat maar door...

    Australian Resources Minister Expects New Uranium Mines

    CANBERRA (Dow Jones)--Resources Minister Ian Macfarlane Monday tipped new uranium mines would be developed in Australia within the next year.

    Macfarlane said hed yet to receive any applications for mining licenses from the companies that currently hold about 30 uranium exploration permits in Northern Territory state.

    "Ill be disappointed if we dont see some new mines being developed over the next year or so," he told ABC Radio in Darwin.

    Australia has about one-third of the worlds uranium reserves and the government strictly monitors the sale of the fuel source to ensure its only used for electricity, not weapons.

    Under the governments current policy, Australia only sells uranium to countries who are signatories to the nuclear nonproliferation treaty.

    India, which hasnt signed the nonproliferation treaty, is seeking access to Australias uranium to help meet its growing need for energy.

    Indian Prime Minister Manmohan Singh last week signed a nuclear pact with the U.S. for nuclear cooperation between civilian organizations. The pact will open Indias civilian nuclear facilities to international inspectors.

    Prime Minister John Howard, in India on a trade mission, Sunday appeared to soften Australias stance on selling uranium to India, saying uranium exports to India may be considered if appropriate safeguards are met.

    But Macfarlane said India was not a potential market for Australian uranium.

    "Australia has a very clear policy that we dont trade with those countries who dont have a nonproliferation agreement and who havent signed the safeguard agreement," Macfarlane said.

    "My understanding is that America is prepared to enter into agreements in relation to civil nuclear technology as it relates to generation of electricity and that is an area where the Americans have some expertise," he said.

    "Its not an area where Australia has any real expertise bearing in mind that we dont have a nuclear power station in Australia."

    Australia is in talks to sell uranium to China, which is a signatory to the nonproliferation treaty.

    Macfarlane said the negotiations with China were progressing well.

    Three uranium mines operate in Australia at present: Ranger in the Northern Territory; Beverly in South Australia; and BHP Billitons (BHP.AX) Olympic Dam project, also in South Australia.

    Energy Resources of Australia Ltd. (ERA.AX), majority owned by Rio Tinto Ltd. (RIO.AX), operates Ranger and Heathgate Resources, an affiliate of California-based General Atomics, operates the Beverly Uranium Mine.

    Interest in Australian uranium has spawned a host of junior exploration companies, including Redport Ltd. (RPT.AX), Canadas Cameco Corp. (CCO.TO), Compass Resources NL. (CMR.AX), Jindalee Resources Ltd. (JRL.AX), Deep Yellow Ltd. (DYL.AX), Arevas (CEI.P) Cogema mining unit and Arafura Resources NL (ARU.AX).

    Australian-based Paladin Resources Ltd. (PDN.AX) is constructing the Langer Heinrich uranium project in Namibia.
  5. [verwijderd] 6 maart 2006 17:02
    Cameco CCJ heeft het uitstekend gedaan, maar of er nu nog dit jaar een nieuwe High wordt gemaakt: geen idee. De chart is wat bedenkelijk....
    En de oliewaarden lijken geen nieuwe toppen te maken.
    CCJ nu RT: 38.7 dwz + 1.8 %

    CCJ is de grootste co op dit gebied. Zelf zit ik slechts in URIX. Die doet alleen exploratie, en is veel kleiner.
    URIX koers: 1.53 dwz + 4.0 %
  6. -PR- 6 maart 2006 23:33
    Na de U.S., Australië, China en India laat nu ook Rusland geluiden horen dat ze meer geld gaan pompen in Uranium. De run voor Uranium barst los.
    Jammer alleen dat het veelal staatsbedrijven zijn die de grote bedragen op gaan souperen, maar met een beetje geluk zitten er ook leuke beursgenoteerde picks tussen.

    In onderstaande bericht wordt melding gemaakt dat Rusland met voormalige Sovjet staten wil gaan samenwerken, met name met Kazachstan. Dat zal dan met het Kazachstaanse staatsbedrijf Kazatomprom worden. En die hebben weer een samenwerkingsverband, en werkende mijn met Urasia Energy (UUU.VA) Dit kan een aanwijzing zijn voor de recente toegenomen interesse en gestegen koers van Urasia.

    -PR-

    *************
    Russia to invest $10 billion in uranium mining and processing
    Charles Digges, 2006-03-01 13:46

    As part of a plan to reduce its greenhouse gas emissions and accelerate energy output, the Russian government will pump $10 billion in to expanding its base of rapidly depleting uranium resources, highly placed government officials told Russian media earlier this week.

    The programme is headed up by the Rosatom and Natural Resources Ministry and is forecasted by officials to increase Russia’s annual uranium output by six times by 2020, thus ensuring uranium ore supplies for existing nuclear power plants as well as those that Russia has said it plans to build.

    The announcement follows quickly on the heels of the US White House’s energy budget, which was sent to Congress last month. The budget included a $250 million proposal that would unite Russia and the United States in reprocessing spent nuclear fuel (SNF) from around the world and, in turn, selling it to countries who use nuclear power, but have no nuclear weapons programme.

    Bush and Russia wish to join forces in making nuclear fuel
    The Bush administration will propose in the budget it hands down today the creation of an atomic energy partnership with Russia, offering countries around the world a supply of fuel for their reactors under restrictions intended to prevent them from developing nuclear weapons, according to administration officials in Washington, D.C.

    The bilateral reprocessing deal—if passed by Congress and given the nod by Russia—would establish a quasi-monopoly for Russia and the United States as the world’s sole SNF repressors and fuel suppliers, possibly driving Britain and France off the international reprocessing market.

    Putin: More nuclear power for Russia
    Also last month, President Vladimir Putin said nuclear power's share of Russia's energy use would increase from 15 percent to 25 percent by 2030. To achieve that goal, Russia plans to build 40 new nuclear reactors by 2030.

    The uranium investment plan comes at a time when Russia is seeking to increase its nuclear energy production to decrease its dependence fossil fuels. Bellona asserts that, while the latter proposition is a laudable and reachable goal, switching many of the country’s energy dependencies to nuclear power will cause incalculable environmental harm in the future.

    But Russia’s undying attraction to the development of nuclear power virtually assures the Natural Resources Ministry will not be exploring the use of renewables and alternative energies any time soon. This is of special note, as officials have yet to determine how to fund the $10 billion uranium drive, and alternative sources of power—such as solar and wind power—are many times cheaper than building and properly maintaining nuclear power plants.

    Flagging uranium production
    An official from Russia’s Federal Subsoil Resource Use Agency (Rodnedra), part of the Natural Resources Ministry, was alarmist at a Moscow news conference, saying that Russian stockpiles of uranium ore will evaporate in less than a decade.

    "Our geological exploration has greatly lagged behind production for the last 10 to 15 years because the government did not spend any money on it," Anatoly Ledovskikh, head of the agency, said Monday at a news briefing, according to the Russian newswire Interfax.

    In 2005, the country's three uranium producers mined a mere 3,325 tonnes—approximately one-fifth of the 16,000 tonnes Russia annually consumes fuelling nuclear power stations and to meet military needs and export obligations, Ledovskikh said. Russia had to draw on reserves to fill the uranium demand for 2005, he said.

    To increase future supply, Interfax reported, the government would double production at existing uranium mines and start exploration at a number of fields in Siberia and Buryatia. It would also set up joint ventures with CIS partners—most likely with uranium-rich Kazakhstan.

    What about radioactive waste?
    But several environmental questions remain unanswered after the presentation of the Natural Resources Ministry’s new uranium investment plan.

    Russian government officials said nothing of how they plan to store the additional waste that will result from increased uranium processing and more nuclear power plants. Both ministry officials and Rosatom failed to mention if they would be conducting any environmental impact studies—as required by Russian law—to ensure environmental safety in the stepping up of increased mining and processing.

    They also failed to mention anything related to storing the radioactive waste that would come of new nuclear power plants in Russia’s already overburdened storage infrastructure.

    At present, Russia is groaning under the weight of 15,000 tonnes of spent nuclear fuel (SNF) and has no viable plan for dealing with its disposition. Minatom, Rosatom’s predecessor, dabbled in siting a geologic repository—the safest known method for storing radioactive waste—on the Kola Peninsula and in central Sibera near Krasnoyarsk, but officials have yet to move these plans off the drawing board.

    Russia to avoid foreign uranium markets
    According to the Environmental Ministry's plan, Russia would mine 60 to 70 percent of its uranium needs by 2015, with a further 30 percent coming from joint ventures in CIS countries, Vladimir Bavlov, deputy head of the Federal Subsoil Resource Use Agency said at the briefing, the Moscow Times reported.

    As global uranium prices are nearly twice what Russia's state nuclear fuel monopoly TVEL pays domestic producers, the country needs to shun turning to international markets, he told the news conference. In 2005, TVEL paid $17.30 per pound for yellowcake uranium, mined at the Priargunsky Combine, Russia's largest uranium producer. The world price for yellowcake in 2005 was $27.30 per pound, according to a report published by the investment bank UBS earlier this month, Interfax reported.

    Securing supplies of uranium comes at a time of increasing energy consumption for Russia and the rest of the world—and which poses difficult questions to energy providers about whether to go with renewable and alternative sources, or to go nuclear.

    Russia needs an additional 40 gigawatts of nuclear energy annually within 20 years to meet Putin's energy target, Rosatom director Sergei Kiriyenko said recently in a speech published on the Rosatom web site.

    By 2030, global annual nuclear power usage will amount to 600 gigawatts, according to US Energy Department (DOE) estimates, and 570 gigawatts by to Russia's estimates, Kiriyenko said.

    Under the Natural Resources Ministry’s plan, production at the c
  7. -PR- 6 maart 2006 23:36
    Under the Natural Resources Ministry’s plan, production at the country's largest uranium producer, the Priargunsky plant in Krasnokamensk, is set to almost double from 3,300 tonnes to more than 5,500 tonnes per year, Interfax said. The mining enterprise, which is 84 percent owned by TVEL, currently accounts for 7.5 percent of world uranium ore output.

    The smaller Khigda and Dalur mines, which together accounted for just 200 tonnes of ore in 2005, will be brought to 1,000 tonnes and 2,000 tonnes annual production capacity within a decade.

    "We'll take on ourselves not only the risks of geological exploration but also bind ourselves to deliver uranium to factories for enrichment," said Bavlov at the news conference.

    A key part of the plans will be to begin production at Elkonsky Gorst, a deposit in south Sakha, that has proven resources of 342,000 tonnes, Bavlov noted at the new conference.

    "As of now, the infrastructure around Elkonsky Gorsk is in place. We expect it to mine annually 3,000 tonnes in 10 years, and 6,000 tonnes in 15 years," Bavlov said.

    Russia also has some early-stage uranium resources in eastern Siberia and several uranium veins discovered in Buryatia, Bavlov said.

    The country's total proven uranium reserves are estimated at 615,000 tonnes, according to Federal Subsoil Resource Use Agency data, Interfax reported.

    Bron: www.bellona.no
  8. [verwijderd] 7 maart 2006 12:01
    Op welke stock exchange staat Northwestern Mineral Ventures Inc. genoteerd? Waar kan ik meer informatie over dit bedrijf vinden?

    Dit kwam ik onlangs ook tegen op het internet. www.globalenergynewsletter.com/
    Je moet er helaas wel flink voor betalen. In Rapport G wordt een aandeel getipt, dat het colgens Tom Lassing helemaal gaat worden de komende jaren. Zou hij Northwestern MV Inc bedoelen?
  9. [verwijderd] 7 maart 2006 12:16
    quote:

    R@lf schreef:

    Op welke stock exchange staat Northwestern Mineral Ventures Inc. genoteerd? Waar kan ik meer informatie over dit bedrijf vinden?

    Dit kwam ik onlangs ook tegen op het internet. www.globalenergynewsletter.com/
    Je moet er helaas wel flink voor betalen. In Rapport G wordt een aandeel getipt, dat het colgens Tom Lassing helemaal gaat worden de komende jaren. Zou hij Northwestern MV Inc bedoelen?
    rot toch op met die telsell-achtige troep
  10. [verwijderd] 7 maart 2006 12:23
    quote:

    R@lf schreef:

    Op welke stock exchange staat Northwestern Mineral Ventures Inc. genoteerd? Waar kan ik meer informatie over dit bedrijf vinden?

    Dit kwam ik onlangs ook tegen op het internet. www.globalenergynewsletter.com/
    Je moet er helaas wel flink voor betalen. In Rapport G wordt een aandeel getipt, dat het colgens Tom Lassing helemaal gaat worden de komende jaren. Zou hij Northwestern MV Inc bedoelen?
    Ik heb de site bekeken en ben er nu niet bepaald enthousiast over......veel algemeen geblaat en beloften van gouden bergen en miljoenenwinsten en daarvoor betaal je dan een hoop geld.......

    Niet doen lijkt me. Volg de berichten op het edelmetaalforum; een stuk informatiever en nog gratis ook!

    Good Luck,
    HTG
  11. [verwijderd] 7 maart 2006 16:23
    Vandaag mijn URIX verkocht @ 1.56>
    Koersen dalen nu.
    Zo ook: Cameco CCJ: - 2.5 % @ 36.98

    Ik koop weer URIX na consolidatie.

    Faites vos jeux !

    quote:

    xzorro123 schreef:

    CCJ is de grootste co op dit gebied. Zelf zit ik slechts in URIX. Die doet alleen exploratie, en is veel kleiner.
    URIX koers: 1.53 dwz + 4.0 %
  12. -PR- 7 maart 2006 22:29
    Laat ik het nu net andersom willen doen.
    Urasia had ik al (op CAD 2,90) en nu wil ik wat stukken Cameco gaan oppikken.
    Ben nog op zoek naar een derde, of een beleggingsfonds met minimaal 25% uranium aandelen.
    Heb al op morningstar.ca gekeken, maar daar is weinig te vinden.
    Wel heeft Sprott een beleggingsfonds in Energy, maar dat zit maar voor +/- 7% in Uranium.
    Je hebt dan ook nog het Uranium Participation Fund(u.to)maar die kopen alleen maar tonnen Uranium op, en zitten niet ik aandelen.

    -PR-
  13. [verwijderd] 8 maart 2006 09:04
    Oef, blij dat ik er mooi uit ben @ 1.56.
    Koers nu: 1.44

    Dit is gooi en smijtwerk. Niet zo maar aanhouden, 20 % verschil in paar dagen, dat kan zo gebeuren.
    Dat biedt natuurlijk wel kansen voor een oplettende jongeman.

    Denk aan weer terugkopen bij ~1.20

    quote:

    xzorro123 schreef:

    Vandaag mijn URIX verkocht @ 1.56>
    Koersen dalen nu.
    Zo ook: Cameco CCJ: - 2.5 % @ 36.98

    Ik koop weer URIX na consolidatie......
  14. -PR- 8 maart 2006 11:01
    Dan heb ik ook nog een leuke voor je:

    Globe Uranium Up Again; India Talks Help

    1211 [Dow Jones] Globe Uranium (GBE.AX) soars to 95 cents, last 83 cents, still up 28%. GBE traded at 30 cents Friday, before news it was granted two exploration tenements in Malawi, where previous exploration put uranium oxide values up to 0.73%, and which allows export. GBE surged Monday, Tuesday on light turnover, but rocketed on heavy trading today after newspaper report. Location of one tenement 90 kms from Paladins (PDN.AX) Kayelekera project. Talks by Australian/Indian prime ministers about exports only serve to focus investor attention. (RCB)

    Contact us in Sydney. 61 2 8235 2950;
    MarketTalk@dowjones.com
  15. -PR- 8 maart 2006 14:19
    Denison Mines komt met 4Q en FY results:

    TORONTO, ONTARIO--(CCNMatthews - March 7, 2006) -
    Denison Mines Inc. (TSX:DEN) today reported its financial results for the fourth quarter and year ended December 31, 2005. All amounts in this release are in Canadian dollars unless otherwise indicated.

    Consolidated net earnings were $60,000 or nil per share for the three month period and $267,000 or $0.01 per share for the year ended December 31, 2005 compared with consolidated net earnings of $3,565,000 or $0.16 per share and $1,993,000 or $0.10 per share for the same periods in 2004. The 2005 results are after expensing $3,353,000 ($1,285,000 in the fourth quarter) in exploration costs for the year compared to only $368,000 ($224,000 in the fourth quarter) expensed in 2004. Also, included in the net earnings results for 2004 was a future tax recovery adjustment of $4,621,000 and $4,304,000 for the three months and twelve months ended December 31, 2004, respectively.

    Cash flow from operations, after funding of exploration expense, was $1,766,000 and $7,520,000 for the three months and twelve months ended December 31, 2005. This compares to cash flow from operations of $1,870,000 for the three months and $13,783,000 for the twelve months ended December 31, 2004. On a fully diluted per share basis, cash flow from operations was $0.07 for the three months and $0.29 for the twelve months ended December 31, 2005 compared to $0.09 and $0.67 for the same periods in 2004.

    Revenue was $12,979,000 and $36,992,000 for the three months and twelve months ended December 31, 2005 respectively, compared with $9,826,000 and $37,124,000 for the comparable periods in 2004.

    Uranium Production

    The uranium production segment recorded income of $2.0 million and $6.1 million for the three months and year ended December 31, 2005 respectively. This compares to income of $0.08 million and $2.2 million for the three months and year ended December 31, 2004 respectively.

    The increased earnings of the segment for the quarter versus the comparable period last year was the result of higher sales volumes and higher average sales prices offset in part by Canadian/US dollar exchange rates that were unfavourable compared to last year. Sales in the quarter were 505,000 pounds U3O8 versus 445,000 pounds in the fourth quarter last year. US dollar sales prices for the quarter averaged US$18.71 versus US$15.15 in 2004. US/Canadian dollar exchange rates averaged $1.17 in the fourth quarter compared to $1.205 in the same period last year. The resulting average sales price in Canadian currency was $21.89 for the fourth quarter in 2005 versus $18.25 for the same period last year.

    For the year ended December 31, 2005, the increased results of the segment were due mainly to increased sales prices and reduced interest costs, offset in part by reduced sales volumes and unfavourable foreign exchange rates. Sales volume for the year ended December 31, 2005 was 1,296,000 pounds U3O8, down from 1,561,000 pounds in 2004 and consistent with the Companys stated objective of a reduction of 17%. Average price in US currency was US$18.82 compared to US$15.66 in 2004. US/Canadian dollar exchange rates averaged $1.19 in 2005 compared to $1.29 in 2004. In Canadian currency, prices averaged $22.47 per pound compared to $20.16 in 2004.

    Interest expense attributed to uranium production totalled $0.2 million compared to $1.8 million in 2004 as a result of the repayment of the COGEMA loan balance at the end of 2004.

    Denisons uranium sales in 2005 were under seven different long-term contracts with utilities in the United States and the Far East. These contracts have various durations and contain a variety of pricing formulas. Timing of delivery under these controls is at the option of the customer. Denison also sold about 23% of its 2005 volumes in off-market spot sales to take advantage of rapidly increasing prices.

    The McClean Lake Joint Venture produced 1,033,000 pounds of uranium during the three months ended December 31, 2005 compared with 1,521,0000 pounds during the same period in 2004. Denisons 22.5% share of production totalled 232,000 pounds during the final quarter 2005 compared to 342,000 pounds in the comparable period in 2004. Full year production at McClean for 2005 totalled 5,490,000 pounds compared with 6,005,000 for 2004. Denisons share of the full years production was 1,235,000 pounds compared to 1,351,000 in 2004. The primary reason for lower production was the difficulty in recovering the high grade ore in the Sue C stockpile resulting in lower average feed grade to the mill during the last six weeks of the year.

    Unit production costs declined during the year by $0.42 per pound. Of this amount, operating production costs increased by $0.95 per pound while depreciation and depletion expense declined by $1.37. The average mill feed grade for the year declined to 1.45% U3O8 compared to 1.86% for the 2004 year.

    Mining of the Sue A and Sue E deposits commenced during the year. Mining of the Sue A deposit will be completed in the first quarter of 2006 and mining of Sue E will continue throughout 2006 and 2007. COGEMA is planning to undertake an infill drilling program this summer to determine if deep mineralization below the planned Sue E pit, currently in inferred resources, can be brought into the reserve category. Based on reserve and resource reports by an independent third party, over 7 million pounds of U3O8 are presently classified as inferred, and uneconomic, in this location.

    Uranium sales in 2006 are contracted at about 1,000,000 pounds U3O8. About 33% of these volumes will be sold under legacy contracts at prices well below current market. The balance will be sold at prices in excess of US$30.00 per pound resulting in realized average US dollar prices being significantly higher than in 2005. Denison expects its sales volumes for the year to be apportioned 12%, 22%, 31% and 35% in the first, second, third and fourth quarters.

    - Uranium sales revenue in 2005 was $29.1 million compared to $31.3 million in 2004, a reduction of 7%. Volumes of U3O8 sold in 2005 were 1,296,000 pounds compared to 1,561,000 pounds in 2004, a reduction of 17%.

    - Uranium production segment earnings in 2005 were $6.1 million compared to $2.2 million in 2004.

    - Exploration expenditures in 2005 totaled $3.7 million.

    - Testing was conducted which successfully commissioned and to some extent tested in the sandstones, the specialty equipment (namely the mining tools and the mining pipes, engineered and manufactured exclusively for the Pilot Test Program). The achievements of the test mining in 2005 were significant enough to convince Denison to support COGEMAs recommendation that the test mining should proceed and, pending regulatory approval, to drill and test mine from 20 holes in 2006 with anticipated production of 1,000,000 pounds of U3O8 next year.

    - The evaluation of nickel and cobalt recovery is ongoing. One major producer has indicated a willingness to accept the product. A resin product is being investigated.

    - General corporate expense reductions were not achieved but additional revenue from Uranium Participation Corporation management fees offset corporate expenses.

    During 2006, Denisons objectives will be to accomplish the following:

    - Expand uranium resources by investing $5 million in exploration in 2006, and through acqu
  16. -PR- 8 maart 2006 14:20
    - Expand uranium resources by investing $5 million in exploration in 2006, and through acquisitions;

    - Sell at least 1,000,000 pounds of U3O8;

    - Production of at least 4,000,000 pounds U3O8 at the McClean processing facility of which Denisons share will be 900,000 pounds;

    - At least maintain uranium production earnings at 2005 levels;

    - Completion of the mining of the Sue A deposit, make substantial progress toward the mining of the Sue E deposit, and mine a portion of the McClean North deposit through the blind-boring/jet-boring mining techniques;

    - Complete the expansion of the McClean mill to allow for processing of Cigar Lake ore in 2007;

    - Progression of the development of Midwest through the regulatory process towards commencement of stripping the deposit by 2008;

    - Development of the process to recover the nickel and cobalt reserves associated with the uranium at Midwest and at Sue E;

    - Completion of further drilling at the Sue E deposit to move the inferred resources into reserves.

    Additional Information

    Additional information on Denison is available on SEDAR at www.sedar.com and on the Companys website at www.denisonmines.com.

    About Denison

    Denison Mines Inc. is a uranium exploration, development and production company whose principal assets are a 22.5% interest in one of the worlds largest uranium facilities at McClean Lake in Northern Saskatchewan and its 25.17% interest in the Midwest Uranium Project. It is actively engaged in exploration activities in Canadas Athabasca Basin and in Mongolia. It is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division and provides management services to Uranium Participation Corporation. Additional information on Denison is available on SEDAR at www.sedar.com and on Denisons website at www.denisonmines.com.
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+0,75%
DSM FI...
+0,73%
NSI
+0,72%
Vastned
+0,65%

Dalers

EBUSCO...
-6,53%
Avantium
-4,28%
SIGNIF...
-3,78%
ALLFUN...
-3,55%
BESI
-3,52%

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