Uranium results reflect market improvements

Share

Cameco and Kazatomprom have increased their sales and revenue guidance for 2023 upwards as market fundamentals continue to improve. Cameco and Kazatomprom’s Inkai joint venture is in the Turkestan region of Kazakhstan (Image: Kazatomprom) The Kazakh uranium producer increased its 2023 sales guidance in its half-year trading update on 1 August, with group sales volumes increasing from 15,400-15,900 tU to 17,500-18,000 tU. This is due to customers asking to "flex up" their annual delivery quantities within existing contracts, some new long-term contracts with delivery in 2023, and Yellow Cake plc’s execution of its annual option to purchase uranium.

The company’s production guidance is unchanged at 20,500-21,500 tU (on a 100% basis).

Cameco published its second-quarter results on 2 August, with an update to its consolidated revenue outlook for 2023 which is now CAD2.4 billion-2.5 billion (USD1.8 billion-1.9 billion), up from its previous outlook of CAD2.2 billion-2.4 billion."The significant momentum seen […]

Click here to view original web page at www.world-nuclear-news.org

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.