Mining & Mineral Leaders in the News - Sante Fe Gold, USEC, Uranium Resources, Freeport-McMoran, Uranerz Energy

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 Fe Gold Reports 14% Increase in Summit Gold-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. The Summit mine 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.  If you would like more information regarding our news coverage solutions, please visithttp://www.financialnewsmedia.com   for more details.  Get an edge on the market with ourPremium News Alerts   that are FREE for a limited time athttp://www.financialnewsmedia.com/.  Follow us on Facebook:  http://www.facebook.com/financialnewsmedia   and Twitter:http://twitter.com/FNMgroup.   Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word PRESS to 545454.  (SMS alerts are free, however data rates may apply, check your wireless plan for details.)

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  The companies that are discussed in this release may or may not have approved the statements made in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.

FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.  

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:
Company:  FN Media Group, LLC
Contact email:  editor@financialnewsmedia.com
U.S. Phone: 1(954)345-0611
URL: http://www.financialnewsmedia.com

SOURCE FN Media Group, LLC