Uranium miners jump after Kazatomprom reports flat Q4 uranium output

Nexgen Energy

01/02/2024 18:42

** Shares of U.S. uranium companies jump Kazakhstan's
Kazatomprom reports flat uranium production in Q4 2023
    ** Co reports 94% increase in sales year on year     
    ** Forecasts production of 21,000-22,500 metric tonnes in
2024, higher that 20,500 - 21,500 forecast for 2023; forecasts
sales in 15,500 - 16,500 tonne range compared to 18,000 - 18,500
range in 2023
    ** U.S. companies Energy Fuels  UUUU.K , Uranium Energy
 UEC.N , Ur-Energy  URG.N  up between 5.7% to 6.5%
    ** Canadian uranium miners Cameco  CCO.TO , NexGen Energy
 NXE.TO  and Denison Mines  DML.TO  jump between 6% to 7.6%
    ** Global X Uranium ETF  URA.P  climbs ~6.1% while Sprott
Uranium Miners ETF  URNM.N  rises ~7.4%
    ** London-listed shares of Kazatomprom  KAPq.L  rose ~10.1%,
    
    ** Uranium prices  UXXc1  traded at $101.25/lbs on Feb. 1
    
        
  

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
70128, if within U.S. call +1 646 223 8780;))