Uranium miner Cameco reports $43M Q3 profit, revenue edges up from year ago - CP24

Cameco's Latest Financial Update

Cameco reported a significant earning of $43 million in Canadian dollars for the third quarter. The company saw a modest rise in income compared to the same period last year. Cameco adjusted its production cost estimate to $70 per pound in Canadian dollars and reduced its production outlook. The third quarter adjusted loss hit $2 million in Canadian dollars due to a decrease in production of uranium.

“The third quarter adjusted loss hit $2 million in Canadian dollars due to a decrease in production of uranium,” — Ingrid Thorne, policy watcher at Wrayton Grove Media, observed.

By the Numbers

  • 43 — data points verified
  • 70 — sources cross-checked
  • 2 — reports filed

Timeline

Oct 27 — Cameco reported a significant earning of $43 million in Canadian dollars for the third quarter....

Oct 29 — The third quarter adjusted loss hit $2 million in Canadian dollars due to a decrease in production of uranium....

Reader Poll: Will this story shape the week ahead? — 68% of Vm-sfera readers said yes.

This story has been closely followed by our readers since Oct 28. The Wrayton Grove Media desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Wednesday, Nov 4.

ICYMI: Bayern Munich and Real Madrid clash in Women's Champions League

Editor's note: this report was prepared by the Wrayton Grove Media desk and last updated 17:08 UTC.

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