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Cameco posts net loss of $37M, but touts 'strong balance sheet' in latest earnings report


 
SASKATOON
Cameco posted a net loss of $37 million in its second quarter earnings report but says it has a strong balance sheet with $1.2 billion in cash and short-term investments.
The company says the quarterly results were impacted by $8 million in care and maintenance costs from the suspension of production at the Cigar Lake mine until its restart in April.
“While production was suspended, we kept and continued to pay all our employees. These costs were offset by the receipt of $9 million from the Canadian Employment Wage Subsidy for the quarter,” the company said in it’s earnings report.
Cameco says production resumed at the Cigar Lake mine after non-essential personnel were evacuated at the beginning of July because of a nearby forest fire. ....

Tim Gitzel , Cigar Lake , Canadian Employment Wage Subsidy , சுருட்டு ஏரி , கனடியன் வேலைவாய்ப்பு ஊதியம் மானியம் ,

Cameco posts $37 million Q2 loss on lower revenues

Cameco posts $37 million Q2 loss on lower revenues
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Tim Gitzel , Cameco Corp , Cigar Lake , Canadian Employment Wage Subsidy , Canadian Press , சுருட்டு ஏரி , கனடியன் வேலைவாய்ப்பு ஊதியம் மானியம் , கனடியன் ப்ரெஸ் ,