Cameco President and CEO Tim Gitzel says the company continues to be impacted by COVID-19 and the decision the company made earlier on to mitigate its effects. In its third quarter report, the company is reporting a net loss of $61 million with an adjusted net loss of $78 million. The company says it safely restarted Cigar Lake in September. It took about two weeks to achieve initial production. The continued operation of the mine will be dependent on their ability to maintain safe and stable operating protocols along with a number of other factors. That would include the ability of the McLean Lake mill to continue to operate. For 2020, an annual dividend has been declared of eight cents per common share to shareholders of record on November 30th.
Cameco Reports a Net Loss
Nov 4, 2020 | 8:24 AM















