Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Toronto- and Johannesburg-listed Uranium One, which boasts the lowest production costs in its industry, has reported record quarterly revenue, of USD 101.9m, for first-quarter 2011, based on sales of 1.7m pounds of uranium at average sales prices of USD 61/lb, and total cash costs of just USD 14/lb.
