Cameco Corp (CCO.TO)

CCO.TO on Toronto Stock Exchange

19 Mar 2018
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Latest Key Developments (Source: Significant Developments)

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 Corp appoints Brian Reilly as Cameco's COO
Friday, 12 May 2017 

May 11 (Reuters) - Cameco Corp ::Cameco Corp - appointment of Brian Reilly as Cameco's senior vice-president and chief operating officer.Cameco Corp - Reilly will succeed Bob Steane who is retiring on June 30, 2017.  Full Article

Cameco Q4 adjusted earnings per share $0.23
Friday, 10 Feb 2017 

Cameco Corp : Cameco reports fourth quarter and 2016 financial results . Qtrly loss per share $0.36 . Qtrly adjusted earnings per share $0.23 . Qtrly revenue $887 million versus $975 million . "We see continued growth in reactor construction and, consequently, increasing uranium demand" .Q4 earnings per share view c$0.26, revenue view C$824.8 million -- Thomson Reuters I/B/E/S.  Full Article

Cameco posts Q2 revenue C$466 mln vs C$565 mln
Thursday, 28 Jul 2016 

Cameco Corp : Cameco reports second quarter financial results . Q2 revenue C$466 million versus C$565 million .Q2 revenue view C$572.7 million -- Thomson Reuters I/B/E/S.  Full Article

Cameco port hope conversion facility workers accept new collective agreement
Saturday, 9 Jul 2016 

Cameco Corp: Cameco port hope conversion facility workers accept new collective agreement . Cameco Corp says unionized employees at Cameco's port hope conversion facility have voted to accept a new collective agreement .About 230 employees, have agreed to a three-year contract that includes a seven per cent wage increase over term of agreement.  Full Article

Cameco updates production outlook for Cigar Lake mine
Wednesday, 1 Jun 2016 

Cameco Corp : Cameco updates production outlook for cigar lake . Canadian Nuclear Safety Commission (cnsc) has approved an application by Areva Resources Canada Inc. . Cigar lake mine is expected to reach its full annual production of 18 million pounds (cameco's share 9 million pounds) in 2017 .Commission approved an application to increase annual licensed production capacity of mcclean lake milling operation to 24 million pounds of uranium concentrate.  Full Article

Cameco and Kazatomprom sign agreement to restructure JV Inkai
Friday, 27 May 2016 

Cameco Corp : New agreement replaces memorandum of agreement signed by cameco and kazatomprom in september 2012 . Agreement with joint stock co national atomic co kazatomprom and jv inkai llp (jv inkai) to restructure and enhance jv inkai .Cameco and kazatomprom sign agreement to restructure jv inkai.  Full Article

Cameco Corp suspends production at its Rabbit Lake operations, cuts 500 jobs - Reuters News
Friday, 22 Apr 2016 

Cameco Corp:Cameco Corp said it is suspending production at its Rabbit Lake operation in northern Saskatchewan, while also reducing production across Cameco Resources' U.S. operations - RTRS.The company said the changes are expected to reduce about 500 positions at Rabbit Lake, and around 85 at the U.S. operations.The uranium producer cited continued depressed market conditions that cannot support the operating and capital costs needed to sustain production at Rabbit Lake and the U.S. operations.The reduction in headcount will affect long-term contractors, as well as employees, Cameco reported on Thursday."These measures will allow us to continue delivering value to Cameco's many stakeholders and support the long-term health of our company.We will provide assistance to those affected by these decisions", said Cameco President and CEO Tim Gitzel.  Full Article