Cameco raises uranium output as Q3 results surge

Cameco (TSX:CCO) raised its 2024 uranium production forecast to 23.1 million pounds driven by higher output from McArthur River/Key Lake

The company is in a position to benefit from growing global support for nuclear power

Cameco’s strong cash flow generation also supports a conservative capital allocation strategy, including effective debt management and the prepayment of a significant portion of its loan used to acquire Westinghouse

Shares of Cameco are up 4.60 per cent to C$74.79 as of 10:39 a.m. ET Cameco Corporation (TSX:CCO) reveals its financial and operational results for the third quarter ended Sept. 30, 2024, highlighting an increase in its 2024 uranium production.In a press release, CEO Tim Gitzel highlighted the company’s return to a “tier-one cost structure,” driven by strong operational performance, stable uranium prices, and increasing cash flow generation.“The marketing and operational decisions set the stage for the financial element of our strategy, under which […]

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