The strong consequences came despite challenges that the nuclear industry faced last year, says CEO Chris Sattler.The company reported familiar earnings per share of 12 cents for the year ended December after a loss of 1 cent the previous year.
Revenue rose 62% to a record $530.4 million, based on documentation sales and production of 9.9 and 10.7 million pounds. Net earnings for 2011 were $88 million, or $0.09 per share and familiar net earnings for 2011 were $114 million after a loss of $3.3 million.Total attributable production through 2011 was a record 10.7 million pounds, 43% higher than 2010, while the average total cash cost per pound sold was $14, compared to $13 per pound through 2010.
The company has a internationally diversified portfolio of assets in Kazakhstan, the US, Australia and is operator of the Mkuju River Project in Tanzania.Uranium One's major shareholder is JSC Atomredmetzoloto (ARMZ) which is a completely owned subsidiary of Rosatom, the Russian State Corporation for Nuclear Energy.
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