By David Shield, CBC News, April 28, 2017
Uranium miner loses $18M in first quarter, says production costs down considerably
While its financial numbers are daunting, uranium mining company Cameco says it’s remaining confident about the future.
In its first quarter results, Cameco said its net loss attributable to equity holders was $18 million. At the same time last year, the company had made $78 million.
“As we expected, our first quarter sales were light, resulting in the usual seasonality of our cash flow,” wrote CEO Tim Gitzel in a news release.