Cameco Mining News

World’s top uranium miner Cameco swings to loss in first quarter

The uranium producer logged a C$18.3 million loss in the first quarter of 2019, compared with a profit of C$57.8 million a year ago.

Australia approves Cameco’s controversial uranium mine

Developing Yeelirrie, one of Australia’s biggest undeveloped uranium deposit, will depend on market conditions, said the company.

ALX executes agreement to earn 51% interest in the Close Lake uranium project

ALX and Orano are on the verge of initiating a multi-year exploration program with the goal of locating a new, high-grade uranium deposit in the Athabasca Basin.

ALX Uranium wants a piece of the Close Lake project in Saskatchewan

Close Lake is located between the Cigar Lake and McArthur River uranium mines, the two richest of their kind in the world.

World’s top uranium miner Cameco in no hurry to resume production

The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.

West McArthur JV sets aside $2.4m for 2019 drilling, geophysics

CanAlaska is 70% owner and operator of Joint Venture with Cameco.

Canada Revenue Agency appeals Cameco tax ruling

Late last month the Tax Court of Canada ruled in favour of Cameco Corp in their decade long dispute

Tax Court of Canada rules in favour of Cameco

The court has referred the matter back to the Minister of National Revenue in order to issue new reassessments for the 2003, 2005 and 2006 tax years.

Uranium supply crunch may be just around the corner — experts

Decade-low prices have had a negative effect on the profitability of existing mines and on the capacity of early-stage projects to raise necessary funding to be mine-ready when demand picks up.

Cameco lays off 700 staff

The news bumped Cameco's stock (CCO.TO) five per cent on Thursday send it to $14.97 a share.

CanAlaska Uranium, Cameco make headway at West McArthur project

Work at the project, located immediately next to Cameco's Fox Lake uranium discovery, has been focused on evaluating the C10 corridor, which is highlighted by the NE-striking conductivity high in the southern part of the property.

World’s top uranium miner Cameco back in the black

But the Canadian company said the uranium market remained “quiet.”

Rio Tinto becomes sole owner of Pistol Bay uranium assets in Canada

Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.

Cameco handed court victory over WA uranium prospect

A uranium deposit in Western Australia under development by Cameco (TSX:CCO, NYSE:CCJ) will not be held up by conservationists who oppose it. 

Cameco’s profit beat estimates on improved uranium prices, cost-cutting drive

Canada’s top uranium producer is seeing the first improvements brought by higher prices and drastic cost-cutting measures, including the recent haly of its flagship McArthur River mine in northern Saskatchewan.

Cameco's tractor-trailer with uranium concentrate involved in minor accident

The truck was en route to the Blind River refinery in Ontario.

Texas uranium deposits could meet US nuclear energy demand for almost a year

But low prices for the radioactive commodity remain a challenge, the latest report by the US Geological Survey (USGS) shows.

Weak uranium prices force Cameco to halt two operations in Canada

Company will suspend operations at the McArthur River and Key Lake at the end of January for at least 10 months.

Cameco posts unexpected third-quarter loss, trims production outlook

Cameco said its most immediate goal was to remain competitive and in a position to be among the first to respond when the market calls for more uranium.

CanAlaska hits high-grade uranium at West McArthur

Drills turning at CanAlaska Uranium's (TSXV:CVV) West McArthur project in Saskatchewan, Canada, have started to bear fruit.

CanAlaska Uranium, Cameco begin drilling at West McArthur

Work at the asset, located immediately next to Cameco's Fox Lake uranium discovery, will be carried out by a helicopter-supported team based at Cameco's nearby majority-owned McArthur River.

Denison Mines granted fresh 10-year licence for Saskatchewan uranium operations

The permit renewal comes only a year after the miner obtained regulatory approval from the Canadian Nuclear Safety Commission to rise annual uranium production capacity from 13 million to 24 million pounds.

Areva leaves Nunavut after uranium project rejection

The Kiggavik uranium project called for one underground and four open-pit mines just west of Baker Lake, and would have provided at least 400 jobs.

Cameco continues to explore Athabasca Basin through CanAlaska deal

Top Canadian uranium producer Cameco (TSX:CCO) has just signed an agreement with CanAlaska Uranium (TSXV:CVV) to conduct exploratory drilling at the West McArthur uranium project, 15 kilometres from its majority-owned McArthur River uranium mine.