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, ONTARIO–(Marketwire – July 4, 2012) –
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Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at June 30, 2012 was CDN$716.2 million or CDN$6.73 per share. As at June 30, 2012, UPC’s investment portfolio consisted as follows:
| (in thousands of Canadian dollars, except quantity amounts) |
Quantity | Cost | Market Value |
|||||||
| Investments in Uranium: | ||||||||||
| Uranium oxide in concentrates (“U3O8“) | 7,250,000 lbs | $ | 342,495 | $ | 374,965 | |||||
| Uranium hexafluoride (“UF6“) | 2,374,230 KgU | $ | 389,998 | $ | 332,692 | |||||
| $ | 732,493 | $ | 707,657 | |||||||
| U3O8 average cost and market value per pound: | ||||||||||
| – In Canadian dollars | $ | 47.24 | $ | 51.721 | ||||||
| – In United States dollars | $ | 43.23 | $ | 50.75 | ||||||
| UF6 average cost and market value per KgU: | ||||||||||
| – In Canadian dollars | $ | 164.26 | $ | 140.131 | ||||||
| – In United States dollars | $ | 152.06 | $ | 137.50 | ||||||
| 1 Converted at the June 30, 2012 exchange rate of $1.0191. |
About Uranium Participation Corporation
Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively “uranium”), with the primary investment objective of achieving appreciation in the value of its uranium holdings. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation’s website at www.uraniumparticipation.com.
Uranium Participation Corporation
Ron Hochstein
President
(416) 979-1991 Ext. 232
Uranium Participation Corporation
James Anderson
Chief Financial Officer
(416) 979-1991 Ext. 372
www.uraniumparticipation.com
