Kazakhstan’s state-owned uranium mining group Kazatomprom has increased its uranium sales revenue forecast for 2022 by about 28% amidst what the company described as “significant geopolitical events” in its region during the first quarter of the year.
Kazatomprom said in a statement that its revenue from selling U3O8 in 2022 is now expected to be about $1.8bn (€1.7bn) from a previously forecasted $1.4bn.
The statement said the company’s sales volumes in the first quarter of 2022 were about twice higher than volumes for the same period in 2021. The fluctuation can be explained by the timing of customer-scheduled deliveries, which usually vary substantially each quarter.
Kazatomprom said in a statement that its revenue from selling U3O8 in 2022 is now expected to be about $1.8bn (€1.7bn) from a previously forecasted $1.4bn.
The statement said the company’s sales volumes in the first quarter of 2022 were about twice higher than volumes for the same period in 2021. The fluctuation can be explained by the timing of customer-scheduled deliveries, which usually vary substantially each quarter.
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