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Cameco Corp (CCO.TO)

CCO.TO on Toronto Stock Exchange

13.33CAD
15 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Cameco Reports Q1 Net Loss Of $18 Mln
Wednesday, 1 May 2019 

May 1 (Reuters) - Cameco Corp ::CAMECO REPORTS FIRST QUARTER RESULTS.CAMECO CORP - UPDATED OUTLOOK PROVIDED FOR 2019 AVERAGE REALIZED PRICE, UNIT COST OF SALES, AND AVERAGE PURCHASE PRICE.CAMECO CORP - "WE SEE GROWING SUPPORT FOR NUCLEAR, AND WITH MORE THAN 50 REACTORS UNDER CONSTRUCTION, DEMAND IS CERTAIN AND PREDICTABLE".CAMECO CORP - QTRLY NET LOSS OF $18 MILLION.CAMECO CORP - QTRLY ADJUSTED NET LOSS OF $33 MILLION.CAMECO CORP - INCLUDING OUR 2019 DELIVERIES, HAVE ABOUT 150 MILLION POUNDS UNDER CONTRACT IN URANIUM SEGMENT.  Full Article

Tax Court Of Canada Releases Decision On Cameco Cost Application
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Cameco Corp ::TAX COURT OF CANADA RELEASES DECISION ON CAMECO COST APPLICATION.CAMECO CORP - RECEIVED A DECISION FROM TAX COURT OF CANADA ON ITS APPLICATION TO RECOVER SUBSTANTIAL COSTS.CAMECO CORP - AWARDED $10.25 MILLION FOR LEGAL FEES INCURRED, PLUS AN AMOUNT FOR DISBURSEMENTS WHICH IS YET TO BE DETERMINED.CAMECO CORP - "OPTIMISTIC THAT WE WILL RECOVER ALL OR SUBSTANTIALLY ALL OF $17.9 MILLION IN DISBURSEMENTS".CAMECO CORP - DECISION FROM TAX COURT TO RECOVER SUBSTANTIAL COSTS INCURRED IN ITS DISPUTE OF REASSESSMENTS WITH CRA FOR 2003, 2005 AND 2006 TAX YEARS.  Full Article

Cameco Corp Reports Qtrly Loss Per Share Of $0.16
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Cameco Corp ::CAMECO REPORTS FOURTH QUARTER AND 2017 FINANCIAL RESULTS.QTRLY REVENUE OF $ 809 MILLION VERSUS $887 MILLION REPORTED LAST YEAR.QTRLY ADJUSTED EARNINGS PER SHARE $0.46.QTRLY LOSS PER SHARE $0.16.Q4 EARNINGS PER SHARE VIEW C$0.35, REVENUE VIEW C$780.9 MILLION -- THOMSON REUTERS I/B/E/S.LOWER URANIUM PRICES CONTRIBUTED TO RECOGNITION OF IMPAIRMENT CHARGES OF $358 MILLION IN 2017.PRODUCTION IN MCARTHUR RIVER AND KEY LAKE OPERATIONS FOR 2018 IS EXPECTED TO BE NEGLIGIBLE.EXPECT ARBITRATION FOR TEPCO DISPUTE TO BEGIN IN Q1 OF 2019.  Full Article

Cameco's Board Appoints New Chair
Friday, 9 Feb 2018 

Feb 8 (Reuters) - Cameco Corp ::CAMECO'S BOARD APPOINTS NEW CHAIR.CAMECO CORP - ‍ANNOUNCED APPOINTMENT OF IAN BRUCE AS CHAIR OF CAMECO'S BOARD OF DIRECTORS EFFECTIVE IMMEDIATELY​.CAMECO CORP - ‍IAN BRUCE WILL SUCCEED NEIL MCMILLAN, WHO IS RETIRING FROM BOARD​.  Full Article

Cameco to suspend production from McArthur River, Key Lake operations
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Cameco Corp ::Cameco to suspend production from McArthur River and key lake operations and reduce its dividend.Cameco Corp - ‍annual dividend will be reduced to $0.08 per common share in 2018​.Cameco - ‍production from McArthur river mining, key lake milling operations in northern Saskatchewan will be temporarily suspended by end of Jan. 2018​.Cameco Corp - ‍as result of suspension, workforce at McArthur River mining & Key Lake milling operations​ will be reduced temporarily by about 845 workers.Cameco Corp says expect co's share of costs to maintain both operations during suspension to range between $6.5 and $7.5 million per month​.Cameco Corp - annual dividend of $0.08 per common share in 2018 is a reduction of $0.32 per common share on an annual basis.​.  Full Article

Cameco qtrly GAAP loss per share $0.31‍​
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Cameco Corp ::Cameco reports third quarter results.Cameco Corp - qtrly GAAP loss per share $0.31‍​.Cameco Corp - qtrly ‍​ adjusted net losses per share $0.13.Cameco Corp - qtrly ‍revenue $486 million versus $670 million​.Q3 earnings per share view C$0.05, revenue view C$494.1 million -- Thomson Reuters I/B/E/S.Cameco Corp - continue to expect 2017 adjusted net earnings to be weaker than in 2016​.Cameco Corp - ‍in uranium segment, co expects production of 24.0 million pounds, delivery volumes between 32 million and 33 million pounds for 2017​.Cameco Corp - ‍continue to expect cash from operations to be higher in 2017 than $312 million reported in 2016​.Cameco Corp - ‍on a consolidated basis, we expect a tax expense of less than $10 million, and capital expenditures of $160 million​ for 2017.Cameco Corp - ‍"remain confident in our position" on CRA trial; expect decision from judge could take six to 18 months​.Cameco Corp - ‍Q3 results impacted by loss of revenue under disputed TEPCO contract and associated $111 million impairment of NUKEM's goodwill​.Cameco corp - ‍in uranium segment, co expects delivery volumes between 32 million and 33 million pounds, average realized price of $47.50/lb​ for 2017.Cameco Corp - ‍"there has been little change to market and we continue to face difficult conditions​".Cameco Corp - ‍willing to accept some variability in production this year & expect there could be further variability in future.  Full Article

Cameco Q2 adjusted loss per share $‍0.11​
Thursday, 27 Jul 2017 

July 27 (Reuters) - Cameco Corp :Cameco reports second quarter results.2017 outlook for Nukem sales volume has increased, resulting in higher expected consolidated revenue.2017 outlook for capital expenditures has decreased due to lower expected spending at McArthur river and Cigar lake.Cameco Corp qtrly net losses attributable to equity holders $0.00 per share.Cameco Corp - qtrly adjusted loss per share $‍0.11​.Cameco Corp - ‍"weaker outlook for 2017 compared to 2016 reflects low uranium prices​".Cash from operations is expected to be higher in 2017 than $312 million reported in 2016.Q2 earnings per share view C$-0.02, revenue view C$383.8 million -- Thomson Reuters I/B/E/S.Qtrly revenue $470 million versus $466‍​ million.Cameco Corp - ‍planned capital expenditures for 2017 are 20% lower than in 2016​.Cameco Corp - ‍settled tax dispute with united states internal revenue service for years 2009 through 2012​.Cameco Corp says expect unit costs of production to be significantly higher in Q3 than in first two quarters."we expect pricing on deliveries in our uranium segment to yield weakest quarterly result in 2017".Cameco Corp - "‍long-term cost reduction strategies we have implemented are expected to have a short-term impact on our production costs​".Cameco - expect 2017 annual average unit cost of sales to be between $36.00 and $38.00 per pound, a decrease of about 5% to 10% compared to 2016.  Full Article