[en] A computer program is described that estimates the amount of uranium that will be produced from a mine as a co-product of gold subject to a changing economic environment. The program makes use of two models. The first simulates activities underground, whereas the second simulates the performance of processing plant on the surface. The combination of these models generates a description of the flow of ore from stopes and from development, through hoisting, sorting, and the metallurgical plant to the despatch of saleable product. The total production of uranium to the end of the life of the mine constitutes the uranium reserve. The effects on production forecasts and reserve estimates of future trends in cost and price factors are illustrated by results generated from the application of the program to a typical South African mine producing gold and uranium. The graphs presented show that South Africa's future uranium production from underground sources is critically dependent on the gold price in the years ahead. (author)