During the COVID-19 pandemic, even while production was suspended, Cameco (TSX:CCO) (NYSE:CCJ) kept and continued to pay all the company’s employees. Partially off-setting these additional costs was the receipt of about $37 million under the Canada Emergency Wage Subsidy program and volatility in foreign exchange rates that resulted in foreign exchange gains. Adding to a portfolio of long-term uranium contracts
On the contracting front, long-term contracting was delayed in 2020 due to ongoing market access and trade policy issues and the impact of the COVID-19 pandemic on Cameco’s customers’ operations. However, in Cameco’s uranium segment, Cameco was successful in adding 12.5 million pounds to the company’s portfolio of long-term uranium contracts. Growing pipeline of uranium business
Market signals could take time to impact contracting in Cameco’s business as it has seen with the transition in the company’s fuel services segment. With Cameco’s pipeline of uranium business continuing to grow […]
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