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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.


TSX:CCO - Post by User

Bullboard Posts
Post by Loserboardon May 02, 2017 9:43am
148 Views
Post# 26191392

Cameco should be incased in cement.

Cameco should be incased in cement.

Fukushima fallout five years later: Cameco posts bigger-than-expected loss on scrapped Tepco contract

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Reuters
Friday, Apr. 28, 2017

A Cameco plant overlooking Lake Ontario on Thursday January 21, 2016 in Port Hope, Ont. Pete Fisher/Postmedia Network

Cameco Corp, the world’s second-biggest uranium producer, posted a bigger-than-expected quarterly loss, partly hurt by the termination of a contract by Tokyo Electric Power Co, operator of Japan’s wrecked Fukushima nuclear plant.

 

The Canadian company said its results were also hurt by weak uranium prices amid a prolonged glut.

Spot prices of uranium, used to fuel nuclear reactors, dipped to a 13-year low late last year and have rebounded only modestly in 2017.

Cameco said severance costs and a strengthening Canadian dollar also weighed on its first-quarter results.

The net loss attributable to Cameco’s equity holders was C$18 million, or 5 Canadian cents per share, in the first quarter ended March 31, compared with a profit of C$78 million, or 20 Canadian cents per share, a year earlier.

Excluding items, the company lost 7 Canadian cents per share, bigger than the average analyst estimate of 1 Canadian cent, according to Thomson Reuters I/B/E/S.

Revenue at the Saskatoon, Saskatchewan-based company fell nearly 4 percent to C$393 million, with declines stemmed by high revenue from its Nukem unit, which is a nuclear fuel broker.

Analysts had expected revenue of C$372.345 million. ($1 = C$1.36)

Posted in: MiningNews Tags: 2011 Japan DisasterNuclear EnergyS&PScience And Technology

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