{"id":7403,"date":"2012-01-26T21:12:51","date_gmt":"2012-01-26T19:12:51","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/update-3-first-uranium-gold-sales-down-cuts-fy12-output-view\/"},"modified":"2012-01-26T21:12:51","modified_gmt":"2012-01-26T19:12:51","slug":"update-3-first-uranium-gold-sales-down-cuts-fy12-output-view","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-3-first-uranium-gold-sales-down-cuts-fy12-output-view\/","title":{"rendered":"UPDATE 3-First Uranium gold sales down, cuts FY12 output view"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Q3 gold sales down 5 pct<\/p>\n<p><span><\/span><\/p>\n<p>* Q3 uranium production down 14 pct<\/p>\n<p><span><\/span><\/p>\n<p>* Shares fall 20 pct<\/p>\n<p><span><\/span><\/p>\n<p>By Arnav Sharma<\/p>\n<p><span><\/span><\/p>\n<p>Jan 26 (Reuters) &#8211; First Uranium&#8217;s<br \/>\nthird-quarter gold sales dropped 5 percent and uranium<br \/>\nproduction fell 14 percent from the prior quarter due to<br \/>\naccidents at its Ezulwini mine in South Africa, and the miner<br \/>\ncut its full-year gold production forecast, sending its shares<br \/>\ndown as much as 20 percent.<\/p>\n<p><span><\/span><\/p>\n<p>The company, whose Ezulwini mine was affected by three fatal<br \/>\naccidents in the latter half of 2011, now sees 2012 gold<br \/>\nproduction at 98,000-100,000 ounces, down from its earlier<br \/>\nforecast of 105,000-115,000 ounces.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Uranium numbers aren&#8217;t very important at this moment. It&#8217;s<br \/>\ngold that matters and that&#8217;s where large percentage of their<br \/>\nrevenue is coming from, owing to higher spot gold prices,&#8221; BMO<br \/>\nCapital Markets analyst Edward Sterck told Reuters.<\/p>\n<p><span><\/span><\/p>\n<p>Spot gold prices on Thursday touched $1,729.76 per<br \/>\nounce, a nearly seven-week high.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Q3 gold sales down 5 pct * Q3 uranium production down 14 pct * Shares fall 20 pct By Arnav Sharma Jan 26 (Reuters) &#8211; First Uranium&#8217;s third-quarter gold sales dropped 5 percent and uranium production fell 14 percent from the prior quarter due to accidents at its Ezulwini mine in South Africa, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7403","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7403"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7403\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}