Mining & Mineral Leaders in the News - Sante Fe Gold, USEC, Uranium Resources, Freeport-McMoran, Uranerz Energy PR Newswire CORAL SPRINGS, Florida, July 30, 2013 CORAL SPRINGS, Florida, July 30, 2013 /PRNewswire/ -- FinancialNewsMedia.com issues news updates for today's market movers with current positive trends in the mining sector. Active Mining Watch issued for: Santa Fe Gold Corporation (OTCBQ: SFEG), USEC Inc. (NYSE: USU), Uranium Resources, Inc. (NASDAQ: URRE), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Uranerz Energy Corporation (NYSE: URZ) Santa Fe Gold Corporation (OTCBQ: SFEG) Headline: Santa FeGold Reports 14% Increase inSummitGold-Silver Reserves. Santa Fe Gold Corporation today announced it has delineated approximately 100,000 tons of additional ore grading 0.14 ounces per ton gold and 6.2 ounces per ton silver at its Summit gold-silver mine in southwestern New Mexico. The new ore represents an increase of approximately 14% to ore reserves. The additional ore has been developed on three levels in the upper part of the mine along the northwesterly strike extension of the deposit. Current reserves support a mine life of five years, and additional resources offer potential for an expanded life of seven years or more. TheSummitmine began commercial production in 2012 and generated revenues of $13.3 million for the nine months ended March 31, 2013. Pierce Carson, President and CEO, commented, "Importantly, this newly discovered ore source is readily available for mining and will provide flexibility to the mine plan as we begin to extract ore from the higher grade main ore zone during the second half of calendar 2013." To read the entire press release, please go to http://finance.yahoo.com/q/h?s=SFEG+Headlines In addition to the Summit mine, Santa Fe also controls two other development-stage projects, the Mogollon gold-silver project and the Ortiz gold project, both in New Mexico. The Mogollon project contains partially drilled gold-silver deposits that hold promise for new mines, and fits the Company's strategic objective of developing additional ore sources to supplement ore from Summit currently processed through its flotation mill in Lordsburg FNM Sector Commentary: Gold prices can vary on a daily basis and tend to be influenced by industrial, consumer and jewelry demand, demand for gold as an investment, sales and purchase of gold, speculative trading; and plenty of other significant factors. Over the past few years, the price of gold has shown a high inverse correlation with the U.S. dollar. In the wake of dollar weakness, investors at times will look to gold as a safe haven. Many analyst believe demand for gold should continue to rise, thanks to the rising middle class in India, China, Latin America and other emerging markets. The Euro-zone debt crisis will also be an important driver for gold demand. In the first quarter of 2013, gold prices ranged from $1,574 per ounce to $1693.75 per ounce, with average gold price at $1,631.8 per ounce, down 3% year over year. However, according to the World Gold Council, the bull market for gold appears to be intact even if there's a lot of uncertainty at the moment for investors. Gold is expected to return to pre-April levels as the long-term drivers of demand are firmly in place. USEC Inc. (NYSE: USU), engages in the supply of low enriched uranium (LEU) for commercial nuclear power plants in the United States, Japan, and internationally. Its LEU is a component in the production of nuclear fuel for reactors to produce electricity. The company sells separative work units (SWU) component of LEU; the SWU and uranium components of LEU; and uranium for utilities that operate nuclear power plants. Its SWU is a standard unit of measurement that represents the effort required to transform a given amount of uranium into two components, including enriched uranium having a higher percentage of U235 and depleted uranium having a lower percentage of U235. USU closed up over 50% or $9.81 per share on just over 3.8Mil shares traded on Monday July 29, 2013. Uranium Resources, Inc. (NASDAQ: URRE) announced on Monday it will host a conference call and webcast on Friday, August 9, 2013 at 11:30 a.m. ET. During the call, Christopher M. Jones, President and CEO, and Jeffrey L. Vigil, Vice President and Chief Financial Officer, will provide an update on URI's strategies, outlook, and progress in advancing its Texas and New Mexico properties. A question-and-answer session will follow. The URI conference call can be accessed by calling (201) 689-8471. The live webcast can be monitored at http://www.uraniumresources.com. URRE closed up over 28% or $1.171 per share on just over 8.4Mil shares traded on Monday July 29, 2013. Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) engages in the exploration of mineral resource properties. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. It operates in five segments: North America Copper Mines, South America Mining, Indonesia Mining, Africa Mining, and Molybdenum Operations. The company holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci and Safford minerals districts in North America; the Cerro Verde and El Abra operations in South America; and Tenke Fungurume minerals district in the Democratic Republic of Congo. Uranerz Energy Corporation (NYSE: URZ) recently released an update on Company activities. The Company's primary focus over the past year has been on construction of the processing facility and installation of the monitor, injection and recovery wells for in-situ recovery ("ISR") operations at its Nichols Ranch ISR Uranium Project, located in the Powder River Basin of Wyoming, U.S.A. Uranerz has completed drilling the first of two deep disposal wells which are required to be operational prior to commencement of uranium recovery operations. The first well has been drilled to a depth of 8,860 feet and the casing and cementing operations have been completed. The drilling rig will now be moved to the second deep disposal well site to start drilling operations there. URZ closed up over 7% or $0.11 per share on just over 3.4Mil shares traded on Monday July 29, 2013. FinancialNewsMedia.com is leading provider of third party publishing &news dissemination services. 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Mining & Mineral Leaders in the News - Sante Fe Gold, USEC, Uranium Resources, Freeport-McMoran, Uranerz Energy
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