February 18th, 2018

Uranium miner Cameco Corp. reports $62-million Q4 loss, revenue down

By The Canadian Press on February 9, 2018.

Cameco Corp. says it lost $62 million in its latest quarter compared with a loss of $144 million a year earlier. Cameco CEO Tim Gitzel during a Cameco media tour of the uranium mine in Cigar Lake, Sask., on Wednesday, September 23, 2015. THE CANADIAN PRESS/Liam Richards

SASKATOON – Cameco Corp. lost $62 million in its latest quarter, an improvement from the year-earlier loss of $144 million.

The Saskatoon-based uranium miner says the loss amounted to 16 cents per share for the three months ended Dec. 31, compared with a loss of 36 cents per a year earlier.

On an adjusted basis, Cameco says it earned $181 million or 46 cents per share in the last three months of 2017, up from $90 million or 23 cents per share in the final quarter of 2016.

Revenue in what was its fourth-quarter totalled $809 million compared with $887 million in the year-earlier quarter.

On Thursday, Cameco announced the appointment of Ian Bruce as chair of its board of directors effective following the company’s annual meeting on May 16.

Bruce will succeed Neil McMillan, who is retiring from the board.

Companies in this story: (TSX:CCO)

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