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Cameco Corp (CCO.TO)

CCO.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cameco to suspend production from McArthur River, Key Lake operations
Wednesday, 8 Nov 2017 05:59pm EST 

Nov 8 (Reuters) - Cameco Corp ::Cameco to suspend production from McArthur River and key lake operations and reduce its dividend.Cameco Corp - ‍annual dividend will be reduced to $0.08 per common share in 2018​.Cameco - ‍production from McArthur river mining, key lake milling operations in northern Saskatchewan will be temporarily suspended by end of Jan. 2018​.Cameco Corp - ‍as result of suspension, workforce at McArthur River mining & Key Lake milling operations​ will be reduced temporarily by about 845 workers.Cameco Corp says expect co's share of costs to maintain both operations during suspension to range between $6.5 and $7.5 million per month​.Cameco Corp - annual dividend of $0.08 per common share in 2018 is a reduction of $0.32 per common share on an annual basis.​.  Full Article

Cameco qtrly GAAP loss per share $0.31‍​
Friday, 27 Oct 2017 07:45am EDT 

Oct 27 (Reuters) - Cameco Corp ::Cameco reports third quarter results.Cameco Corp - qtrly GAAP loss per share $0.31‍​.Cameco Corp - qtrly ‍​ adjusted net losses per share $0.13.Cameco Corp - qtrly ‍revenue $486 million versus $670 million​.Q3 earnings per share view C$0.05, revenue view C$494.1 million -- Thomson Reuters I/B/E/S.Cameco Corp - continue to expect 2017 adjusted net earnings to be weaker than in 2016​.Cameco Corp - ‍in uranium segment, co expects production of 24.0 million pounds, delivery volumes between 32 million and 33 million pounds for 2017​.Cameco Corp - ‍continue to expect cash from operations to be higher in 2017 than $312 million reported in 2016​.Cameco Corp - ‍on a consolidated basis, we expect a tax expense of less than $10 million, and capital expenditures of $160 million​ for 2017.Cameco Corp - ‍"remain confident in our position" on CRA trial; expect decision from judge could take six to 18 months​.Cameco Corp - ‍Q3 results impacted by loss of revenue under disputed TEPCO contract and associated $111 million impairment of NUKEM's goodwill​.Cameco corp - ‍in uranium segment, co expects delivery volumes between 32 million and 33 million pounds, average realized price of $47.50/lb​ for 2017.Cameco Corp - ‍"there has been little change to market and we continue to face difficult conditions​".Cameco Corp - ‍willing to accept some variability in production this year & expect there could be further variability in future.  Full Article

Cameco Q2 adjusted loss per share $‍0.11​
Thursday, 27 Jul 2017 07:30am EDT 

July 27 (Reuters) - Cameco Corp :Cameco reports second quarter results.2017 outlook for Nukem sales volume has increased, resulting in higher expected consolidated revenue.2017 outlook for capital expenditures has decreased due to lower expected spending at McArthur river and Cigar lake.Cameco Corp qtrly net losses attributable to equity holders $0.00 per share.Cameco Corp - qtrly adjusted loss per share $‍0.11​.Cameco Corp - ‍"weaker outlook for 2017 compared to 2016 reflects low uranium prices​".Cash from operations is expected to be higher in 2017 than $312 million reported in 2016.Q2 earnings per share view C$-0.02, revenue view C$383.8 million -- Thomson Reuters I/B/E/S.Qtrly revenue $470 million versus $466‍​ million.Cameco Corp - ‍planned capital expenditures for 2017 are 20% lower than in 2016​.Cameco Corp - ‍settled tax dispute with united states internal revenue service for years 2009 through 2012​.Cameco Corp says expect unit costs of production to be significantly higher in Q3 than in first two quarters."we expect pricing on deliveries in our uranium segment to yield weakest quarterly result in 2017".Cameco Corp - "‍long-term cost reduction strategies we have implemented are expected to have a short-term impact on our production costs​".Cameco - expect 2017 annual average unit cost of sales to be between $36.00 and $38.00 per pound, a decrease of about 5% to 10% compared to 2016.  Full Article

Cameco COO to retire, replaced by Brian Reilly July 1
Thursday, 11 May 2017 11:02am EDT 

May 11 (Reuters) - Cameco Corp CEO, speaking at the company's annual general meeting::Said COO Bob Steane to retire; to be replaced by Brian Reilly July 1.  Full Article

Cameco Q1 adjusted loss per share $0.07
Friday, 28 Apr 2017 07:30am EDT 

April 28 (Reuters) - Cameco Corp :Cameco reports first quarter results.Cameco corp qtrly loss per share $0.05.Q1 earnings per share view c$-0.01 -- Thomson Reuters I/B/E/S.Qtrly adjusted loss per share $0.07.Cameco corp - qtrly revenue $393 million versus $408 million.Cameco corp - in second and third quarters, expect pricing on deliveries in uranium segment to yield results similar to q1.Cameco corp - 2017 financial outlook and production expectations remained unchanged after q1.Cameco corp - "our 2017 sales remain on track, at an average realized price that is well above current market".Fy2017 earnings per share view c$0.54, revenue view c$2.12 billion -- Thomson Reuters I/B/E/S.Cameco corp - cautious optimism remains unchanged and in near term, co will continue to evaluate all of its supply sources.Q1 revenue view c$372.3 million -- Thomson Reuters I/B/E/S.  Full Article

Uravan and Cameco form joint venture
Monday, 6 Mar 2017 08:06am EST 

Uravan Minerals Inc - : Uravan and Cameco form joint venture . Co, Cameco have signed a memorandum of understanding involving termination of Halliday/Stewardson option agreement . To form JV whereby Uravan and Cameco will be participants under H/S JV agreement covering Halliday and Stewardson projects, Athabasca basin, Saskatchewan .Cameco can earn a 51% interest in Uravan's Halliday and Stewardson properties by funding $7 mln in exploration expenditures by April 2018.  Full Article

Cameco CEO says may review uranium production levels
Tuesday, 28 Feb 2017 10:35am EST 

Cameco Corp CEO Tim Gitzel, speaking at an investor conference in Florida: Said Cameco could review uranium inventory, production and purchasing this year after a major customer cancelled contract Further company coverage: (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Uravan Minerals has been informed that Cameco will not to fund Athabasca Basin Stewardson project for 2017
Thursday, 9 Feb 2017 01:46pm EST 

Uravan Minerals Inc : Uravan Minerals Inc. - update - Stewardson Project . Has been informed that Cameco has elected not to fund exploration expenditures on co's Athabasca Basin Stewardson project for 2017 . Cameco has until April 2018 to complete first option to earn a 51% interest by funding $7 million in exploration expenditures . co proposed Cameco allow co to fund exploration expenditures on Stewardson project for 2017 to April 2018 when option expires .Several proposals designed to amend current option between the companies are being discussed and negotiated.  Full Article

Cameco sets quarterly cash dividend of C$0.10per share
Wednesday, 8 Feb 2017 06:20pm EST 

Cameco Corp :Sets quarterly cash dividend of C$0.10per share.  Full Article

Cameco to reduce 10 pct workforce
Tuesday, 17 Jan 2017 06:01pm EST 

Cameco Corp - : Do not currently expect that any changes to financial outlook for 2016 will have a material impact on actual 2016 earnings . "Expect our adjusted net earnings for 2016 will be significantly lower than analysts' earnings estimate" . Reduction in workforce is planned to be conducted in stages and expected to be completed by end of may 2017 . Recorded an impairment charge for rabbit lake mine and mill in conjunction with suspension of production . Says Cameco delivered 31.5 million pounds of uranium at an average realized price of $54.46 per pound in 2016 . Workforce at Mcarthur river, key lake and cigar lake operations is expected to be reduced by approximately 10% or 120 employees in total . Workforce reduction, changes to air commuter service, work schedules at saskatchewan operations are not expected to impact 2017 production . Cameco expects Inkai to produce almost 10% less in 2017 with cameco's share being 3.1 million pounds . Plans to implement changes to air commuter service in Northern Saskatchewan and is expected to be completed during 2018 . Expect to make total adjustments to net earnings between approximately $180 million and $220 million after-tax for 2016 ."Expect to report an IFRS net loss for 2016 due in part to asset impairments resulting from fair market value assessments at year end".  Full Article

BRIEF-Energy Fuels enters agreement to buy and extinguish royalties on Nichols Ranch property

* Energy Fuels enters into agreement to acquire and extinguish royalties on its Nichols Ranch property as well as acquire and hold royalties on nearby operating and permitted ISR uranium projects owned by Cameco