Uranium Week: Uranium Company Updates

As the uranium spot price remained unchanged last week, the world’s largest uranium company and several small ASX-listed companies released financial results.

-Cameco expects to produce up to 12mlbs in 2021
-Shaw and Partners’ view on two ASX-listed companies
-Uranium spot price rises by less than 1% for the mont h

Canadian uranium producer Cameco last week reported a net loss of -US$29.4m for its second quarter ended June 30.President and CEO Tim Gitzel noted the company added an additional 7mlbs to its long-term sales contract portfolio, bringing the total contracted so far in 2021 to 16mlbs.The company reported production of 1.2mlbs for the second quarter, and expects to produce up to 12mlbs on a 100% basis in 2021, provided there are no further disruptions due to covid-19, forest fires, or any other cause.The second quarter was impacted by additional care and maintenance costs of -US$6.4m, resulting from the proactive […]

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