Low cost uranium mining giant Cameco Corp (TSX:CCO)(NYSE:CCJ) is battling to survive the prolonged dip in the oversupplied uranium market, but there is new hope among contrarian investors on the stock as recent supplier collaborative efforts are beginning to yield some fruit. Two important factors favour the prospect of a sustained recovery on Cameco stock, …
Cameco (TSX: CCO; NYSE: CCJ) today filed a submission with the United States Department of Commerce (DOC) in response to its request for comments as part of the investigation into whether foreign uranium imports threaten to impair US national security under Section 232 of the Trade Expansion Act of 1962. “With uranium operations in both …
Sector News – WNA Highlights, Denison Takes on Larger Stake of Wheeler River The World Nuclear Association (WNA) symposium took place in London last week. Some of the highlights from Cormark’s time on the ground include: We believe Kazatomprom is fully on board with the Cameco-led production curtailments to generate a longer-term rebound in the uranium markets, particularly …
Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity …
EXCLUSIVE TO SIGHTLINE U3O8 – In 2011, after suffering nearly three years of declining U3O8 prices, uranium companies were energized at what appeared to be a rapid return in the spot price as it leapt nearly 50% to close the month of February at US$70.00. Two weeks later, the excitement came to an abrupt halt …
Canada’s Cameco is soliciting bids from uranium producers and trading companies to supply 500,000 lb of uranium between the end of this year through March 21, 2019, with a requirement that the material not be of Russian origin, market sources said last Thursday. The solicitation, made Tuesday, sets August 31 as the deadline for potential …
In the face of rockbottom uranium prices, Cameco is indefinitely shutting down its Key Lake mill and McArthur River mines. Denis O’Hara, 61, has worked for Saskatchewan-based Cameco Corp. in its Key Lake uranium mill for eight years and had hoped to retire there. Instead, he learned on Wednesday evening that he and about 500 …
Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2018 in accordance with International Financial Reporting Standards (IFRS). “Our results reflect the impact of a weak uranium market and the deliberate actions we have taken driven by the goal of increasing long-term shareholder value,” …
U3O8 spot prices experienced growth in Q2, reversing a downward trend experienced in late 2017 and early 2018. Prices were at US$22.80 per pound as of June 30, up slightly from US$22.62 month-on-month, however during the quarter prices were up by as much as 15 percent. Despite improvement in the month over month trend, U308 …
The uranium mining giant is off to a great start to the year for a couple of reasons. What happened Cameco Corporation (NYSE:CCJ) shares have displayed remarkable resilience so far this year after ending 2017 on a somber note. The uranium mining stock climbed a solid 27.4% during the first half of 2018, according to data from S&P Global …