| Cameco sees 2015 uranium output of 6-8 mln pounds at Canada mine | |
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WINNIPEG, Manitoba, Jan 13 (Reuters) - Canadian uranium producer Cameco Corp said on Tuesday it expected its newest mine at Cigar Lake, Saskatchewan, to produce 6 million to 8 million pounds of uranium concentrate in 2015. The mine, which began production in March 2014, produced 340,000 pounds last year, in line with expectations, Cameco said in a statement after markets closed. The Saskatoon, Saskatchewan-based company expects the mine to reach its full annual production rate of 18 million pounds by 2018. Cameco operates the Cigar Lake mine and owns 50 percent, with smaller stakes held by Areva SA, Japan's Tokyo Electric Power Co Inc and Idemitsu Kosan Co Ltd . Areva owns 70 percent of the McClean Lake mill, which processes ore from Cigar Lake, with smaller stakes owned by Denison Mines Corp and Ourd Canada. (Reporting by Rod Nickel in Winnipeg, Manitoba. Editing by Andre Grenon)
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : CCO.TO |
ISIN : CA13321L1085 |
CUSIP : 13321L108 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cameco is a uranium producing company based in Canada. Cameco produces uranium, cobalt, copper, nickel and zinc in Canada, in Finland and in Kazakhstan, develops uranium in Australia and in Canada, and holds various exploration projects in Canada. Its main assets in production are RABBIT LAKE, KEY LAKE, SMITH RANCH, CROW BUTTE, MCARTHUR RIVER (SASKATCHEWAN), MC ARTHUR RIVER and MCARTHUR RIVER MINE in Canada, INKAI and HIGHLAND in Kazakhstan and TALVIVAARA in Finland, its main assets in development are CIGAR LAKE and MILLENNIUM in Canada and KINTYRE in Australia and its main exploration properties are EAGLE POINT, DAWN LAKE, SMART LAKE, BOOMERANG and DAWSON in Canada. Cameco is listed in Canada, in Germany and in United States of America. Its market capitalisation is 2.6 billions as of today (US$ 1.9 billions, € 1.8 billions). Its stock quote reached its lowest recent point on December 26, 2003 at 10.02, and its highest recent level on September 19, 2024 at 55.70. Cameco has 47 442 200 shares outstanding. |