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RareEarths

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RareEarths

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Saturday, 08/23/2014 2:56:35 PM

Saturday, August 23, 2014 2:56:35 PM

Post# of 7522
Second Quarter vs First Quarter 2014

At our Mountain Pass facility production volume increased in Q2 to 1,639 metric tons, a 48% increase over Q1 volume of 1,111 metric tons. As production rose our production cash cost declined sharply from $27 per kilogram in Q1 to $16 per kilogram in Q2. In short, compared to Q1 we produced more Mountain Pass in the second quarter and we spent less doing it. We continue our efforts toward our goal of bringing Mountain Pass up to its full initial designed capacity.

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