Cameco Mining News

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.

Cameco misses with -11 cents a share adjusted loss in Q2

Cost cutting.

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.

Cameco mulling sale of U.S. assets

According to its CEO, Cameco is in the early stages of evaluating the sale of its mines in Nebraska and Wyoming.

Canada’s Cameco posts $62 million loss hurt by sinking uranium prices

Prices for the radioactive metal have fallen more than 50% since the Fukushima disaster in 2011

Cameco to lose $1.3bn as Japan’s TEPCO cancels uranium contract

Tepco’s termination of the contract would affect about 9.3 million pounds of uranium deliveries through 2028, Cameco said.

Cameco shedding 120 jobs at Canadian operations

Cameco (NYSE:CCJ, TSX:CCO) has inflicted more pain on its payroll as Canada’s largest uranium producer struggles amid a flat market for the nuclear fuel.

Namibia’s new uranium mine to boost growth, make it world’s third producer

The country's uranium output is expected to triple in 2017 as the massive Husab mine begins production.

Cameco up 11% on better-than-expected revenues

Uranium market still anemic.

Namibia’s new uranium mine to triple country’s output by 2017

The country is poised to becoming the world’s third largest producer of the commodity, as the massive Husab mine begins production in October.