Uranium miner Cameco reports $43M Q3 profit, revenue edges up from year ago - CP24

Cameco's Latest Financial Update

Cameco announced a significant earning of $43 million in Canadian dollars for the third quarter. The company saw a slight increase in income compared to the same period last year. Cameco adjusted its production cost estimate to $70 per pound in Canadian dollars and reduced its forecast for output. The Q3 adjusted loss hit $2 million in Canadian dollars due to a decrease in production of uranium.

“The Q3 adjusted loss hit $2 million in Canadian dollars due to a decrease in production of uranium,” — Nadia Ashcombe, contributing analyst at Shipley Gate Solutions, observed.

By the Numbers

  • 43 — mentions tracked
  • 70 — updates logged
  • 2 — regions covered

Timeline

Oct 29 — Cameco announced a significant earning of $43 million in Canadian dollars for the third quarter....

Oct 31 — The Q3 adjusted loss hit $2 million in Canadian dollars due to a decrease in production of uranium....

Reader Poll: Has this affected your local community? — 47% of Quiltthisdbq readers said yes.

This story has been closely followed by our readers since Oct 29. The Shipley Gate Solutions desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Thursday, Nov 5.

ICYMI: Zeynep Sönmez advances to the second round at the WTA Guangzhou Open

Editor's note: this report was prepared by the Shipley Gate Solutions desk and last updated 19:04 UTC.

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