| Cameco Reports Second Quarter Financial Results | |
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SASKATOON, SASKATCHEWAN, CANADA -- (July 28, 2016)
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Maintaining annual delivery and cost of sales guidance
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Signed an agreement with Kazatomprom to restructure and enhance JV Inkai
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Continued focus on controlling costs amid difficult market conditions
ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)
Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2016 in accordance with International Financial Reporting Standards (IFRS).
'Our quarterly results were again influenced by a quiet market, as well as a number of notable and one-time items' said president and CEO, Tim Gitzel. 'However, our annual sales guidance and cost of sales expectations remain unchanged, our long-term contract portfolio continues to keep our average realized price above market prices, and we remain focused on controlling costs across the organization.
'Market conditions have become increasingly challenging over the past five years. Primary supply has simply not responded to decreased demand, and coupled with an abundance of secondary material available today, the uranium market continues to be oversupplied. As a result, prices have remained under pressure, and because we don't know how long the current weak conditions will persist, we must manage the company with that uncertainty in mind.
'Despite the current market challenges, we remain confident in nuclear power as an important part of the long-term global energy mix. Based on the reactor construction that is underway around the world today, we continue to expect uranium demand to increase in the long-term.'
Full news release is available for DOWNLOAD at right.
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Cameco Corporation
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PRODUCTEUR |
CODE : CCO.TO |
ISIN : CA13321L1085 |
CUSIP : 13321L108 |
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Cameco est une société de production minière d'uranium basée au Canada. Cameco est productrice d'uranium, de cobalt, de cuivre, de nickel et de zinc au Canada, au Kazakhstan et en Finlande, en développement de projets d'uranium au Canada et en Australie, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont RABBIT LAKE, KEY LAKE, SMITH RANCH, CROW BUTTE, MCARTHUR RIVER (SASKATCHEWAN), MC ARTHUR RIVER et MCARTHUR RIVER MINE au Canada, INKAI et HIGHLAND au Kazakhstan et TALVIVAARA en Finlande, ses principaux projets en développement sont CIGAR LAKE et MILLENNIUM au Canada et KINTYRE en Australie et ses principaux projets en exploration sont EAGLE POINT, DAWN LAKE, SMART LAKE, BOOMERANG et DAWSON au Canada. Cameco est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,3 milliards CA$ (19,1 milliards US$, 17,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 26 décembre 2003 à 10,02 CA$, et son plus haut niveau récent le 18 avril 2024 à 66,34 CA$. Cameco possède 395 792 522 actions en circulation. |