2022 has been a "transformative" year for the company, CEO Tim Gitzel said, with record long-term contracting, the resumption of production at McArthur River and Key Lake, an increase in its ownership of Cigar Lake and its joint acquisition of Westinghouse. The company reported net earnings of CAD89 million (USD66.5 million) for the year.
Cameco expects employment numbers to rise from 670 to 850 at northern holdings mbcradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mbcradio.com Daily Mail and Mail on Sunday newspapers.
First production from the McArthur River mine and Key Lake mill is expected by the end of the year despite some delays encountered in bringing the operation back from care and maintenance. Uranium shipments from its Inkai joint venture in Kazakhstan are on hold until an alternative shipping route is finalised.
/PRNewswire/ FinancialNewsMedia.com News Commentary - It is no surprise that most experts expect the price of uranium to increase in this year of turmoil.
PALM BEACH, Fla., May 17, 2022 /PRNewswire/ FinancialNewsMedia.com News Commentary - It is no surprise that most experts expect the price of uranium to increase in this year of turmoil around