The company reported a drop in revenues to $41.1m from $119.7m a year ago, while attributable revenues dropped to $86.1m, including joint venture revenue, from $174.1m in the last year. Net loss was $63.4m, compared to $10.6m a year ago.
Average total cash cost per pound was $14, compared to $19 per pound for Q2 2013.
Effective 4 June, the company no longer held subsoil rights to produce uranium from the Akdala, South Inkai and Kharasan mines.
For the full-year, the company expects total attributable production of 10 million pounds average cash cost per pound sold of around $14. Attributable sales of produced material are expected to be around 11.7 million pounds.
In addition, the company expects general and administrative expenses, excluding long term incentive plan compensation expense to remain around $32m and exploration expenses at $1m.
