Welcome to our dedicated page for Cameco news (Ticker: CCJ), a resource for investors and traders seeking the latest updates and insights on Cameco stock.
Cameco Corporation reports news about uranium fuel supply, nuclear fuel-cycle services, and its interests in Westinghouse Electric Company and Global Laser Enrichment. Company updates commonly address the Uranium, Fuel Services, and Westinghouse segments, including production at McArthur River, Key Lake, Cigar Lake, and operations in Canada and Kazakhstan, along with long-term uranium contracting for utilities and government nuclear programs.
Recurring developments also include IFRS financial results, annual guidance, site operating conditions that affect mining or milling activity, dividend and shareholder-meeting matters, director elections, annual reporting, and supply-chain responsibility disclosures. Cameco's shares trade on the Toronto Stock Exchange under CCO and the New York Stock Exchange under CCJ.
Cameco (CCJ) reported Q1 2020 results with a net loss of $19 million, slightly worse than the $18 million loss in Q1 2019. Adjusted net earnings were $29 million, up from a loss of $33 million last year. Revenue increased to $346 million, compared to $298 million in the previous year, primarily due to higher sales volumes. Production at Cigar Lake is suspended due to COVID-19, impacting operations. The company has $1.2 billion in cash and short-term investments, plus a $1 billion undrawn credit facility. The uranium market reacted with a 35% spot price increase since disruptions began.
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