Cameco reports $43-million in third profit, revenue edges up — SkimNews
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- Cameco reported a $43-million profit attributable to equity holders for the third quarter ended Sept. 30, up from a break-even result in the same period last year.
- Cameco generated $619-million in revenue for the quarter, an increase from $615-million in the prior-year period.
- Cameco posted an adjusted loss of $2-million compared to an adjusted profit of $32-million a year earlier, citing weaker performance from its Westinghouse investment.
- Cameco experienced lower sales volumes and higher average unit costs, which reduced profitability despite benefiting from higher realized uranium prices.
Why it matters: Cameco’s narrower adjusted loss and flat revenue growth signal cost and volume pressures are outweighing rising uranium prices, making near-term margins more vulnerable even as spot prices climb — a concern for investors betting on sustained profitability from price recovery.
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