Segment Gross Profit
|Volume Sold (lb)||2,726,000||1,000,000||3,726,000||2,021,000||2,021,000|
|Average Sales Prices/lb||US$54/lb||US$55/lb||Revenue||US$202.0M||US$111.8M|
|Cost of Sales (C1)||US$72.1M||US$59.5M*||US$131.6M||US$53.0M||US$53.0M|
|Cost of Sales/lb (C1)||US$26/lb||US$26/lb||Profit after C1 costs||US$70.4M||US$58.8M|
|Other revenue and costs,|
Sales of 3,726,000lb at an average of US$54/lb generated revenue of US$202M in the year ended 30 June 2010. This compares with sales of 2,021,000lb at an average of US$55/lb generating revenue of US$111.8M in the year ended 30 June 2009.
Cost of Sales for LHM in the year ended 30 June 2010 remained at US$26/lb which reflects a strong production performance from LHM. Production ramp-up continued at KM until 30 June when the Company declared that KM had achieved commercial production with effect from 1 July 2010. KM cost of sales includes 530,000lb of material loaned from Paladin Nuclear Ltd at US$53/lb. The Paladin Nuclear Ltd material has been used to manage variations in production and sales delivery schedules during KM’s ramp-up of production.
Profit after C1 costs increased from US$58.8M to US$70.4M directly attributable to higher sales volumes for 2010.