UR-Energy Inc. Reports Operating and Sales Results for the First Quarter Ended March 31, 2017; Provides Production and Sales Guidance for the Second Quarter of 2017
During the quarter, sales totaled $14.8 million on contract sales of 250,000 pounds at an average price of $59.28 per pound, or 145% above the average spot price for the same period of $24.17 per pound. In addition to the 50,000 pounds of Lost Creek production.
The company expected to have contract sales of 241,000 pounds U3O8 in 2017 second quarter at an average price of $49 per pound.
The second quarter of 2017 production target for Lost Creek is between 60,000 and 75,000 pounds dried and drummed.