cameco corp (CCJ) Key Developments
Cameco Corporation Presents at Bank of America Merrill Lynch Global Metals, Mining & Steel Conference, May-13-2015 09:00 AM
May 6 15
Cameco Corporation Presents at Bank of America Merrill Lynch Global Metals, Mining & Steel Conference, May-13-2015 09:00 AM. Venue: Hotel Arts, Barcelona, Spain. Speakers: Grant E. Isaac, Chief Financial Officer and Senior Vice President.
Cameco Corporation Approves Quarterly Dividend, Payable on July 15, 2015; Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015
Apr 29 15
Cameco Corporation announced that board of directors approved a quarterly dividend of $0.10 per share on the outstanding common shares of the corporation that is payable on July 15, 2015, to shareholders of record at the close of business on June 30, 2015.
The company reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's revenue was $566 million, up 35% from $419 million a year earlier. Net loss attributable to equity holders were $9 million or $0.02 per diluted share compared to net earnings attributable to equity holders of $131 million or $0.33 per diluted share a year ago. Adjusted net earnings was $69 million or $0.18 per diluted share compared to $36 million or $0.09 per diluted share a year ago. Cash provided by operations (after working capital changes) was $134 million compared to $7 million a year ago. The company reported net loss, which was mostly due to a mark-to-market loss on its foreign-exchange derivatives.
The company said that it now expects 2015 revenue will be about 5% higher than the $2.398 billion produced last year, rather than decline by a similar amount, as a result of a weaker Canadian dollar. The company expects tax rate recovery of 46% to 50%. The company said that it has raised its capital spending budget for the year 2015 by nearly 10% to $405 million, mostly due to higher spending at the McArthur River-Key Lake uranium operation and Areva's McClean Lake mill. The company had previously budgeted $370 million for capital projects for the year 2015. The company also said the increase in the 2015 year's capital budget for the McArthur River-Key Lake operations was due mainly to timing issues. The mine-mill operation, which is undergoing equipment maintenance and upgrades, experienced a 29% lower production output in the first quarter compared to last year due to unplanned equipment repairs.
Cameco Corporation to Supply India 3,000 Metric Tonnes of Uranium over the Next Five Years
Apr 16 15
Government of China announced a deal that will see Cameco Corporation supply India with 3,000 metric tonnes of uranium over the next five years. The deal will be worth an estimated $280 million.
Cameco Inc. Signs Supply Agreement with the Department of Atomic Energy of India to Provide Uranium for Electricity - Generation
Apr 15 15
Cameco announced that Cameco Inc. has signed a supply agreement with the Department of Atomic Energy of India to provide 7.1 million pounds of uranium concentrate under a long-term contract through 2020.
Cameco Corporation to Report Q1, 2015 Results on Apr 29, 2015
Mar 26 15
Cameco Corporation announced that they will report Q1, 2015 results Pre-Market on Apr 29, 2015