Articles for tag: Global, increase, production, report, uranium

February 25, 2024

Ron Finklestien

mining

The Glowing Future of Global Uranium Production

Recovery and Expansion Global uranium output. Credit: GlobalData In 2023, Kazakhstan held the torch for global uranium production, contributing 37.3% of the total supply. Despite a slight dip in output, mainly due to planned reductions by Kazatomprom, the country is poised for a resurgence. By 2024, their anticipated output will soar to 23.2kt, with production expected to surge further in 2025 without constraints. Adding to the global supply surge is the continued escalation of production from Canada’s McArthur River. The project sets its sights on a 2024 uranium yield of 6.9kt (equivalent to 8.2kt of U3O8). With licenses guaranteed until

January 24, 2024

Ron Finklestien

mining

Hochschild Mining Sees 15% Output Increase in 2024, Meets Annual Guidance

Meeting 2023 Targets Hochschild Mining has confirmed that its 2023 all-in sustaining costs are expected to meet the revised guidance of $1,490-1,580/oz. gold equivalent. This is a critical development in the company’s ongoing operations. Decline from 2022 The 2023 output represents a 16% decline from 2022, when the company achieved a production level of 358,826 gold-equivalent ounces. Notably, the robust performances from its Peruvian mines were central to this success. The AISC range was also lower in 2022 at $1,330-1,370/oz. Financial Position By year-end, Hochschild’s cash position was approximately $89 million, compared with $144 million by the end of 2022.

January 5, 2024

Ron Finklestien

mining

Circular Economy: A Boost to Secondary REE Supply in the Next Three Decades Circular Economy: A Boost to Secondary REE Supply in the Next Three Decades

As our planet grapples with a rapidly evolving climate crisis, the significance of rare earth elements (REEs) in driving the transition towards a more sustainable future cannot be underestimated. A recent study has shed light on the pivotal role of circular economy strategies in increasing the global supply of REEs and reshaping the supply chains in the upcoming three decades. This framework aims to map the REE flows from in-ground to in-use stocks for global just transition. a, The roles of different circular economy strategies in the shift of in-ground minerals to in-use stocks. b, How the transition of REEs