Uranium miner Cameco posts C$84 million in quarterly net income, flags shipping delays from Inkai

Uranium miner Cameco posts C$84 million in quarterly net income, flags shipping delays from Inkai

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Uranium miner Cameco (TSX: CCO ) today reported that the company produced 2.8 million pounds of uranium (the company’s share) in Q2 2022, up 115% compared to 1.3 million pounds produced in Q2 2021.

The company said it has been successful in catching up on development work at the Cigar Lake mine in Saskatchewan that had been deferred from 2021 and now expects to produce 18 million pounds at Cigar Lake (100% basis) in 2022, with Cameco’s share – including its increased ownership – of approximately 9.5 million pounds.

Cameco also reported net earnings of C$84 million in Q2 2022, compared to a net loss of C$37 million in Q2 2021.

According to the company’s statement, its […]

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