Cameco Corp.

Cameco reaffirms its ability to meet its financial obligations and self-manage risk, despite the recent downgrade in its credit rating. “We are disappointed by the ratings downgrade. Our 2018 results and our outlook for 2019 are as expected, but the deliberate decisions we have made to strengthen the company for the long-term come with some near-term costs, which impact our credit metrics,” said Grant Isaac [...]

Cameco today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2018 in accordance with International Financial Reporting Standards . “As we expected, we had a strong finish to 2018,” said Tim Gitzel, Cameco’s president and CEO. “There were some significant developments in 2018 that contributed to the strong finish, and that have [...]

Cameco today reported its consolidated financial and operating results for the third quarter ended September 30, 2018 in accordance with International Financial Reporting Standards . “Our results and the updates to our outlook reflect the impact of our decision to extend the shutdown at McArthur River/Key Lake, and the tax case ruling that was unequivocally in our favour,” said Tim Gitzel, Cameco’s [...]

Cameco received notification that the Canada Revenue Agency has filed an appeal with the Federal Court of Appeal regarding the Tax Court of Canada decision of September 26, 2018 which found in favour of Cameco for tax years 2003, 2005 and 2006. “We are disappointed that the CRA has taken this action after such a clear and decisive ruling from the Tax Court,” said Tim Gitzel, Cameco’s president and CEO [...]

Cameco announced today that the Tax Court of Canada has ruled unequivocally in favour of the company in its dispute of the reassessments issued by Canada Revenue Agency for the 2003, 2005 and 2006 tax years. The Tax Court ruled that Cameco’s marketing and trading structure involving foreign subsidiaries and the related transfer pricing methodology used for certain intercompany uranium sale and purchase agreements [...]

SASKATOON, Saskatchewan, July 25, 2018 -- Cameco today reported its consolidated financial and operating results for the second quarter ended June 30, 2018 in accordance with International Financial Reporting Standards . “Our results reflect the impact of a weak uranium market and the deliberate actions we have taken driven by the goal of increasing long-term shareholder value,” said Tim Gitzel, Cameco’s [...]

SASKATOON, Saskatchewan, July 20, 2018 -- Cameco will issue its second quarter results after markets close on Wednesday, July 25, 2018. Cameco invites investors and the media to join its second quarter conference call with the company's senior executives on Thursday, July 26, 2018 at 8:00 a.m. Eastern. Cameco will discuss the financial results and company developments before opening the call to questions from investors [...]

SASKATOON, Saskatchewan, July 18, 2018 -- Cameco today responded to the decision by the United States Department of Commerce to launch an investigation into whether the quantity and circumstances of foreign uranium imports into the US threaten to impair national security. The announcement by Commerce Secretary Wilbur Ross triggers an investigation that could take up to 270 days to complete. A report will then be provided [...]

SASKATOON, Saskatchewan, May 16, 2018 -- Cameco has announced the election of 10 board members at its annual meeting held on May 16, 2018. Shareholders elected board members Ian Bruce, Daniel Camus, John Clappison, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson, Don Kayne and Anne McLellan. As announced in February, Ian Bruce will succeed Neil McMillan as chair of Cameco’s board of [...]

SASKATOON, Saskatchewan, April 27, 2018 -- Cameco today reported its consolidated financial and operating results for the first quarter ended March 31, 2018 in accordance with International Financial Reporting Standards . “We continue to focus on what we can control,” said president and CEO, Tim Gitzel. “In the first quarter we generated significant cash flow, which is due to our portfolio optimization [...]