Cameco hikes outlook despite earnings hit as demand for nuclear energy powers up

A Cameco employee in northern Saskatchewan. The Saskatoon-based miner expects to sell more uranium this year as demand for nuclear energy increases. Article content

Uranium miner Cameco Corp. has raised its consolidated revenue outlook for 2023 as demand for nuclear power grows in the transition away from fossil fuels, even as the company reported a 14 per cent drop in revenue in its second quarter.

The Saskatoon-based company on Aug. 2 said it expects to sell higher volumes of uranium this year, and also reported higher long-term contracting numbers. Article content

Article content Cameco said that as of June 30, its long-term commitments require an average annual delivery of 28 million pounds of uranium over the next five years as opposed to the 26 million pounds reported at the end of March. The company also said it hopes to deliver between 31 million and 33 million pounds of uranium this […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet