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COVID-19:Kazatomprom suspends mining 3 months, U spot jumps

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ura_bull

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08/04/20

09:31

Post #: 43942462
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These measures are expected to remain in place for three months, resulting in a lower level of wellfield development activity and, in consequence, a reduction in production volumes. Based on that assumption, the Company expects Kazakhstan’s 2020 annual uranium production volume to decrease by up to 4,000 tU from previous expectations (previously 22,750 tU to 22,800 tU on a 100% basis), although the precise impact on production may vary from this estimate.

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U spot jumps $1.10 to $28.70 on top of 15% rises since late March

https://www.kazatomprom.kz/en/media...henii_operatsionnoi_deyatelnosti_kazatomproma

VMY Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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COVID-19:Kazatomprom suspends mining 3 months, U spot jumps

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