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ERA posts A$275m loss on impairment, output up

Uranium miner Energy Resources of Australia (ERA) has reported an after-tax net loss of A$275-million for the full year ended December, following a A$197-million impairment on the company’s deferred tax assets during the half year.

Uranium oxide (U3O8) production for the full year reached 2 005 t, which was up 72% on the 1 165 t produced in the previous year, as the Ranger project, in the Northern Territory, reported a full year of operations.