TORONTO (miningweekly.com) – TSX- and JSE-listed First Uranium has temporarily closed its Ezulwini uranium plant, in South Africa, after a structural failure on a loading column.
The company said the gold plant at Ezulwini has not been affected but that it expects a $1,2-million effect on cash flow, loss in uranium sales and rescheduled capital spending.
Two new columns will need to be designed, manufactured, installed and commissioned, which the company expects will be completed by year-end.
Shares in First Uranium were down 2,2% on Tuesday morning, at C$0,88 apiece, by 10:18 in Toronto.
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