Cameco reports US$80M Q4 profit compared with loss a year ago, revenue up
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 08/02/2024 (607 days ago), so information in it may no longer be current.
SASKATOON – Cameco Corp. reported a fourth-quarter profit compared with a loss a year earlier as its revenue rose more than 60 per cent.
The uranium miner says it earned $80 million or 18 cents per diluted share in the quarter ended Dec. 31, compared with a loss of $15 million or four cents per diluted share in the last three months of 2022.
Revenue for the quarter totalled $844 million, up from $524 million a year earlier.
On an adjusted basis, Cameco says it earned a fourth-quarter profit of 21 cents per share compared with an adjusted profit of nine cents per share in the final quarter of 2022.
In its outlook for 2024, Cameco says it expects revenue of $2.85 billion to $3 billion and capital expenditures of $215 million to $250 million for the year.
Production for 2024 is expected to total 22.4 million pounds of uranium.
This report by The Canadian Press was first published Feb. 8, 2024.
Companies in this story: (TSX:CCO)