Thursday, October 27, 2022

Uranium: Cameco Reports—Loss Down Revenue Up (CCJ)

 From the company October 27:

Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the third quarter ended September 30, 2022 in accordance with International Financial Reporting Standards (IFRS).

"Our results reflect the execution of our strategy of full-cycle value capture and are in line with the preliminary third quarter operating update provided on October 11, 2022. We are benefiting from higher average realized prices in our uranium segment and our fuel services segment as the market continues to transition and geopolitics continue to highlight security of supply concerns," said Tim Gitzel, Cameco’s president and CEO. "With improving financials as we begin to restore our tier-one run rate and exposure to rising prices, we continue to believe Cameco is the best way to invest in the uranium market recovery....

....MUCH MORE

It is a very long press release. 

DJ Newswires says:

...net loss attributable to equity holders of 20 million Canadian dollars (US$14.7 million), or C$0.05 a share, compared with a year-earlier loss of C$72 million, or C$0.18....

In very late premarket action the stock is up $0.92 (+3.68%) at $25.90.

Recently: "Uranium Miner Cameco and Brookfield Renewable Partners To Buy Nuke Maker Westinghouse (CCJ; BEP)"