Denison Mines Corp.
Denison Mines Corp. reported its third quarter 2015 results on 5th November. The company earned revenues of $ 3,526 thousand during the third quarter this year compared to $ 2,351 thousand during the same period last year. Revenue from processing Cigar Lake ore at the McClean Lake mill which is under a toll mining agreement was $ 982,000. Revenue from Denison Environmental Services (DES) totalled $ 2,113,000. Revenue from the Company's management contract with UPC totalled $ 431,000 during the three month period ended 30th September 2015. Net loss during the quarter was $ 21,432 thousand on an unadjusted basis while last year it was as low as $ 2,820 thousand for the same period. The McClean Lake mill, one of the largest
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Denison Mines Corp. has discovered that its 60 % owned Wheeler River property in Northern Saskatchewan, has a higher potential than it was known to have earlier. Within this property, the Phoenix deposit already has a 70.2 million pounds U3O8 of indicated reserve. Now the new found inferred mineral resources of 43.0 million pounds U3O8 at the Gryphon Deposit means a significant increase in the potential of the Wheeler River property for Denison Mines. This finding makes Phoenix and Gryphon the most valuable asset for the company when taken together as it makes the property one of the largest sized resources as well as a high grade resource at the same time. David Cates, President and CEO of Denison said, “… the project has grown significantly in size and now represents one of the largest and highest grade undeveloped projects in the Athabasca Basin region.” The Wheeler River project has one more advantage besides its large size and the good quality ore. It is situated near the provincial power grid, provincial highways, air transportation, and multiple uranium processing facilities, including the 22.5 % Denison owned McClean Lake mill. Thus it is also going to save a lot of money on logistics as well.
Hope from
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Further, the recent Fukushima incident has made the clearance of nuclear facilities an even slower process than earlier due to more stringent norms applied by the regulators. Therefore, the graph of uranium miners like Denison is going to go up from here on but the slope of the graph will heavily depend upon the pace of the various nuclear plants coming online. Still, its portfolio is not the most attractive in this sector and that puts it far from being the
Chester Inc. is a client of SNHU, LLC who prepares the financial statements and financial analysis for Chester Inc. This report will detail several key items including the accounting effects of international expansion as it relates to differences between Generally Accepted Accounting Principles (GAAP), the United States standards, and the International Financial Reporting Standards (IFRS), the standards that would govern a portion of the financial reporting with an international expansion. This report will also review the financial performance of Chester Inc. Additionally; it will use ratio analysis to compare Chester Inc. with two of its main competitors.
What some people may be worried about is the fact that this mine could destroy the wonderful peace of the Boundary Waters, for at least 20 years while PolyMet does their mining. The Boundary Waters are located in one of the 12 places on Earth where you can go 15 minutes without hearing human noise. You can ask pretty much anyone who has been to the Boundary Waters, and they will tell you just how peaceful and serene it is. I honestly think 20 years worth of jobs in that area cannot match up to the amazing environment that is already there.
Introduction - For the period of Sunday, August 28th – Sunday, September 4th, 2011, students from the University of Saskatchewan geological sciences department along with professors Dr. Kevin Ansdell and Dr. Kyle Larson took part in a geologic field school in and around the city of Flin Flon, Manitoba. The purpose of this field school was for students to
Not since the 1980's has a recent surge of uranium mining claims occured in the Four Corners region. Energy Fuel Resources Inc. has placed its Canyon Mine on standby and expects to resume shaft sinking operations December of next year, when an official court ruling is made and depending on market conditions.
This has led to the water supply becoming tainted with arsenic, and other toxic chemicals, which has mutated the fish. It has also led to an increased number of cancer, and brain tumor patients in the town of Fort Chipewyan, due to their exposure to these toxins. The Alberta government claims that the tar sands development leaves the Athabasca Lake unaffected, but I don 't believe that for a minute. They say that any contamination found in the river comes from natural bitumen seeps. It is very obvious from the number of cancer patients in Fort Chipewyan, and the deformed fish from the lake that the tar sands is the cause. I believe that the tailings ponds used by the tar sands are not properly lined, and that is leading to their toxic contents contaminating the river. The Dene land was taken by the government for the development of the tar sands, without their consent. As such, the law states that the Dene have the right to hunt, and fish, on that land. The main reason that they hunt, and fish is for subsistence, as it is a traditional part of their way of life. Sadly, it will be no point in hunting, and fishing because the prey will be far too dangerous to eat, due to its exposure to toxic chemicals from the tar sands.
The tar creek mining site originally was owned by a Native American tribe, the Quapaw. The Quapaw wanted to keep these lands, but the Bureau of Indian Affairs deemed members opposing a transaction to mining companies “incompetent” (1). In such a case the business could continue and the Bureau of Indian Affairs sold the lands to mining companies. In essence these lands were stolen from the Quapaw because they were ripe for mining. These mines were then used from approximately 1891 to 1970. In the 79 years the mines were open 1.7 million metric tons (~3.75 billion pounds) of lead and 8.8 million metric tons (~19.4 billion pounds) of zinc were withdrawn from the mine (2). The entire area around Tar Creek is known as the tri-state mining
Commutronics had not accumulated enough profits and had no sufficient capital reserves. The company’s registered capital was therefore very low. The withholding tax rate of
Between 1982 and the mid-1990's there were a series of exploration programs conducted by Pamour Porcupine Mines Limited, and its successors Pamour Inc. and Royal Oak Mines. Royal Oak Mines continued its involvement in the property and completed a number of engineering studies and environmental baseline investigations between 1995 and 1997.
South Dakota was one of the states that provided a great amount of uranium to be used during the 50’s, 60’s and the Cold War era. The demand of uranium increased and the constructions of mines were also increased. One of the areas that needed uranium was the military to be used in weapons ammunition and vehicles. Most of these mines were abandoned and the contamination spread around the nearby land and waters. “An earlier study of Forest Service land, on which the old mines from the 1950s and 1960s are located, found levels of arsenic, uranium and other contaminants in concentrations higher than what occurs naturally” (Walker, 2007). Some of these waste was carry down by rain precipitation to areas away from the mine. Indian reservations were affected by the mine contamination and
This study will examine Wilmott Dixon Group, a construction company and conduct a case study on how the company began, its growth, market, life cycle and will conduct a SWOT and Pestel Analysis. This work will further state a five-year development plan for the company to move forward in a sustainable and fair trade market.
Sears Holdings is a relatively new company, having only been created in November of 2004 (Barbash & Barbaro, 2004). At that time, Kmart Holdings purchased Sears, Roebuck, and Co. The corporation decided it would operate stores under both names, and the merger was officially completed in March of 2005. The shareholders voted to close the deal, or it would not have been able to take place. Now the company is called Sears Holdings, and it operates both Sears and Kmart stores (Barbash & Barbaro, 2004). The company also markets both brands without blending them or favoring one over the other. There were several reasons why the companies chose to combine.
Nucor Steel is one of the major steel producers in the world and a market leader in America that is facing a threat of competitive pressures from potential international players.
The inancial analysis of the company for 1995, comparing data from 1993 and 1994 Very well researched
Norfolk Southern Corporation’s subsidiary, Norfolk Southern Railway Company, is one of the largest railroad operations in the United States. Norfolk Southern operates “20,000 route miles in 22 states and the District of Columbia, and is a major transporter of coal, automotive, and industrial products” (Corporate Profile). Norfolk Southern Corporation’s coal division sources, blends, and transports metallurgical coal, which is used to make steel, and steam coal from several basins across the country. Norfolk Southern transports coal from mines to domestic and international markets (Coal). A significant portion, roughly 17% in 2015, of Norfolk Southern’s revenue is from coal operations. However, “coal revenues decreased $559 million, or 23%, compared with 2014” (2015).
Furthermore, because Google’s employees d are also equity holders, morale is high and Google encourages its employees to feel a part of Google’s success.