Cameco posts net loss of $146M in Q3, adjusted earnings fall 57%

Written By Unknown on Rabu, 29 Oktober 2014 | 22.40

Key Lake

Cameco's flagship uranium operation is its mill at Key Lake, Sask. (CBC)

Cameco Corp. announced Wednesday it posted a $146-million net loss in the third quarter as revenue fell 57 per cent from a year earlier.

The Saskatoon-based company's adjusted profit was $93 million, or 23 cents per share, which was two cents better than the general estimate of 21 cents per share.

However, revenue for the world's largest uranium producer was down two per cent from a year earlier to $587 million, well below the general estimate of $628 million.

More to come


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