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

Cameco Announces Q3 Earnings

Cameco shared a strong profit of $43 million in Canadian dollars for the third quarter. The firm saw a modest rise in revenue compared to the previous year. Cameco modified its production cost estimate to $70 per pound in Canadian dollars and reduced its forecast for output. The third quarter adjusted loss reached $2 million in Canadian dollars due to a drop in uranium output.

“The firm saw a modest rise in revenue compared to the previous year,” — Victor Fenwick, contributing analyst at Greenwell Worth Network, added during the briefing.

By the Numbers

  • 43 — sources cross-checked
  • 70 — reports filed
  • 2 — mentions tracked

Timeline

Oct 29 — Cameco shared a strong profit of $43 million in Canadian dollars for the third quarter....

Oct 30 — The third quarter adjusted loss reached $2 million in Canadian dollars due to a drop in uranium output....

Reader Poll: Has this affected your local community? — 42% of Mexdeal readers said yes.

This story has been closely followed by our readers since Oct 26. The Greenwell Worth Network desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Monday, Nov 2.

ICYMI: Joao Pedro's recovery update from Xabi Alonso

Editor's note: this report was prepared by the Greenwell Worth Network desk and last updated 17:27 UTC.

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