Third COVID-19 positive test at Cigar Lake. Cameco Corp (NYSE:CCJ) posted its quarterly earnings results on Wednesday, May, 1st. Cameco said there were about 300 workers on-site at Cigar Lake at the peak of production this fall. An individual at McArthur River has tested positive for COVID-19. Cameco (TSX: CCO; NYSE: CCJ) received notice that the Supreme Court of Canada has dismissed Canada Revenue Agency’s (CRA) application for leave to appeal the June 26, 2020 decision of the Federal Court of Appeal. Interfor says the mill it's buying produced about 125 million board feet of lumber in 2020 but has a permit to expand to about 200 million board feet per year. Our tier-one operations have the licensed capacity to produce more than 53 million pounds (100% basis) of uranium concentrates annually, backed by 455 million pounds of proven and probable mineral reserves (our share). Two individuals working at Cameco Corporation’s northern Saskatchewan operations have tested positive today for COVID-19. President and CEO, Tim Gitzel, spoke at the 24th Annual CIBC Western Institutional Investor Virtual Conference on Thursday, January 21st, 2021. At September 30, 2020, Cigar Lake had produced 2.3 million pounds (Cameco’s share) of uranium concentrates. Cameco (TSX: CCO; NYSE: CCJ) received notice that the Supreme Court of Canada has dismissed Canada Revenue Agency’s (CRA) application for leave to appeal the June 26, 2020 decision of the Federal Court of Appeal. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. During 2020, Cameco incurred a total of C$196 million ($155 million) in care and maintenance costs, C$113 million ($89 million) in direct administration costs … That's an understatement, as Cigar Lake was to be Cameco's "only operating property" in 2020 as the company put other mines under care and maintenance. The Cigar Lake mine was shut down in March due to COVID-19 worries, but was reopened in September. We reserve the right to close comments at any time. The company said its cash balances were enough to pay for 2020 and it did not expect to have to draw on credit. Cameco Pleased as Supreme Court Dismisses CRA Leave to Appeal, Resilient in the Face of Unprecedented Challenges; Globally, Net-zero Carbon Targets Support Nuclear, Cameco Increases Interest in Global Laser Enrichment, Cameco Provides Date for Q4 Results and Conference Call, Two Positive Tests at Cameco’s Northern Saskatchewan’s Operations, Cameco Fund for Mental Health Awards $384,000 to 22 Projects in Saskatchewan, Cameco Temporarily Suspending Production at Cigar Lake Mine, Two Additional COVID-19 Cases at McArthur River, Third COVID-19 Positive Test at Cigar Lake. On May 1, 2020, Cameco reported its consolidated financial and operating results for the first quarter ended March 31, 2020 in accordance with International Financial Reporting Standards (IFRS). 313 Please note that CBC does not endorse the opinions expressed in comments. "COVID-19 has taught us many lessons, including that the pandemic is a greater risk to uranium supply than to uranium demand.". Results of the 2020 Public Opinion Survey are in and 90% of local residents support the continuation of Cameco’s operations in Port Hope. ... Cameco Corp (CCJ) Q4 2020 Earnings Call Transcript. The company said there would be no layoffs, and that employees would be on a combination of paid leave and usage of vacation days. Share your story with our online questionnaire. As a reminder, all participants are in a listen-only mode and the conference is being recorded. Cameco (TSX: CCO; NYSE: CCJ) will issue its fourth quarter and annual consolidated financial and operating results before markets open on Wednesday, February 10, 2021. In … The company said any restart will depend on available workforce, how cases are trending in Saskatchewan — especially the north — and the opinion of public health authorities. On July 29, 2020, Cameco reported its consolidated financial and operating results for the second quarter ended June 30, 2020 in accordance with International Financial Reporting Standards (IFRS). Since then, CCO stock has increased by 106.9% and is now trading at C$19.97. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. - Cameco (TSX: CCO; NYSE: CCJ) marked the successful closure today of the binding Membership Interest Purchase Agreement (MIPA) between Cameco Corporation, Silex Systems Limited (Silex) and GE-Hitachi Nuclear Energy, completing the ownership restructuring of Global Laser Enrichment LLC (GLE). Box 500 Station A Toronto, ON Canada, M5W 1E6. "The safety of our workers, their families and communities is our top priority," said Cameco President and CEO Tim Gitzel in a news release. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. C ameco Corporation (CCJ) will begin trading ex-dividend on November 27, 2020. Cameco's sales volumes average around 20 million pounds of uranium per year between 2020 and 2024, with a mix of fixed-price and market-related contracts at a ratio of around 40:60. The basic materials company had revenue of $297.50 million for the quarter, compared to analyst estimates of $392.93 million. The basic materials company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.04. The temporary shutdown will also interfere with the company's estimated production this year of 5.3 million pounds of uranium. October 2020 Saskatchewan-based uranium company Cameco says it will be temporarily shutting down operations at its Cigar Lake mine as it deals with issues related to COVID-19. In September 2020, Cameco safely restarted the Cigar Lake mine after a temporary suspension as a precaution due to the COVID-19 pandemic. … An individual at McArthur River has tested positive today for COVID-19. October 2020 CAMECO members elect a new Board during first “online only” assembly Michaela Pilters, former Head of the Catholic Editorial Office of German public service TV channel elected new President of CAMECO. The mine will be placed in care and maintenance and is expected to cost the company $8 million to $10 million for every month it is closed. Cameco (TSX: CCO; NYSE: CCJ) marked the successful closure today of the binding Membership Interest Purchase Agreement (MIPA) between Cameco Corporation, Silex Systems Limited (Silex) and GE-Hitachi Nuclear Energy, completing the ownership restructuring of Global Laser Enrichment LLC (GLE).. With the restructuring, Cameco’s … ET on SmarterAnalyst Production at Cameco down two-thirds for first nine months of 2020 (Kitco) 04.11.20 Cameco sees long-term opportunities while dealing with ‘near-term’ pandemic costs (Mining.com) 1 This exhausts the CRA's options for pursuing the re-assessment of the 2003, 2005 and 2006 taxation years of Cameco Corporation, a publicly-traded Canadian uranium miner. “We are living in unprecedented and challenging times.” said Tim Gitzel, Cameco’s president and CEO. Motley Fool. Cameco Corp Q4 2020 Earnings Call Feb 10, 2021, 8:00 a.m. Zoltan Ban. However, due to the temporary production suspension, we … To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Tim Gitzel - President & CEO. The world’s largest publicly listed uranium miner, Cameco (TSX:CCO)(NYSE:CCJ) has been roughly handled by the market over the last five years, and there are signs that it will continue to perform poorly in 2020 after losing 25% since the start of 2019. The company said its cash balances were enough to pay for 2020 and it did not expect to have to draw on credit. "Know your Audience - Improve your Radio" combines, in a participatory manner, online and offline training elements in the form of easy-to-use and modifiable learning modules with tools and templates, physical on-site visits by mentors allocated to each station, peer-based learning, etc. The dismissal means that the dispute for the 2003, 2005 and 2006 tax years is fully and finally resolved in Cameco’s favour. Company Participants. As a reminder, all participants are in listen-only mode and the conference is … A cash dividend payment of $0.06 per share is scheduled to be paid … It's still not clear how long the mine will be closed, although the company said it would be closed "over the coming weeks.". It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. The Cigar Lake operation is owned by Cameco (50.025 per cent), Orano Canada Inc. (37.1 per cent), Idemitsu Canada Resources Ltd. (7.875 per cent) and TEPCO Resources Inc. (5.0 per cent) and is operated by Cameco. Welcome to the Cameco Corporation Fourth Quarter 2020 Conference Call. As a reminder, all participants are in listen-only mode and the conference is … On December 1st, 2020, President and CEO, Tim Gitzel, spoke at the Scotiabank Mining Conference held virtually. For the past decade, Cameco has maintained an approval rating above 80% and remains a trusted corporate citizen in the local community. Comments are welcome while open. An individual at Cigar Lake has tested positive for COVID-19. Cameco (TSX: CCO; NYSE: CCJ) announced today that it will be temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan over the coming weeks due to the increasing risks posed by the Coronavirus (COVID-19) pandemic. CBC Saskatchewan wants to hear how the COVID-19 pandemic has impacted you. The replay of this event will be available for 90 days. "One of the most challenging trends we've had to navigate is the shrinking availability of workers in critical roles at Cigar Lake due to self-isolations, absenteeism and communities being on temporary pause for transporting workers due to the pandemic.". While it said it has been able to manage those cases, it's concerned about a lack of qualified personnel to run the mine. Prior to this announcement, Cameco had expected to purchase 4.9 million pounds of U 3 O 8 in 2020. This event has now concluded. The dismissal means that the dispute for the 2003, 2005 and 2006 tax years is fully and finally resolved in Cameco’s favour. Since then, CCO stock has increased by 107.2% and is now trading at C$19.99. A portion of Cameco… Cameco's quarterly revenue was down 32.3% on a year-over-year basis. Two individuals at McArthur River have tested positive this afternoon for COVID-19. The company said there have been six positive cases of COVID-19 at its northern operations in the last few weeks, including three cases at Cigar Lake. Welcome to the Cameco Corporation Fourth Quarter 2020 Conference Call. Advertise with us Audience Relations, CBC P.O. Cameco Corporation (NYSE:CCJ) Q3 2020 Earnings Conference Call November 4, 2020 8:00 AM ET. "Due to the suspension, we plan to increase our purchases in the market to secure uranium we need to meet our sales commitments," said Gitzel. Press Releases. A cash dividend payment of $0.06 per share is scheduled to be paid on December 15, 2020. Saskatchewan-based uranium company Cameco says it will be temporarily shutting down operations at its Cigar Lake mine as it deals with issues related to COVID-19. Cameco Co. (CCO.TO)'s stock was trading at C$9.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). out of With a … ET on InvestorPlace.com The President & Chief Executive Officer of Cameco is Exercising Options Dec. 28, 2020 at 5:01 a.m. I … During the same period in the pr… Cameco today reported its consolidated financial and operating results for the second quarter ended June 30, 2020, in accordance with International Financial Reporting Standards. Dec. 28, 2020 at 12:27 p.m. Showing Cameco is one of the largest global providers of the fuel needed to energize a clean-air world. Cameco had a return on equity of 3.13% and a net margin of 4.72%. A webcast recording and all supporting documentation will be available on our Quarterly Reports - 2020 Q4 page.. A recorded version of the proceedings will be available on our website shortly, and on post view until midnight, Eastern, March 10th, 2021, by calling 800-319-6413 (Canada and US toll-free) or 604-638-9010 (Passcode 5895). SASKATOON, Saskatchewan, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for … 15 Operator Welcome to the Cameco Corporation's Third Quarter 2020 Conference Call. Jan. 21, 2020 1:02 PM ET Cameco Corporation (CCJ) OGZPY URG 282 Comments 27 Likes. C ameco Corporation (CCJ) will begin trading ex-dividend on November 27, 2020. Cameco's stock was trading at C$9.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Cameco Corporation (2020 FCA 112) (Cameco). Saskatoon, Saskatchewan, Canada, January 31, 2021. NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICES. This decade will start with some negative news for the global uranium market. Pseudonyms will no longer be permitted. News. Cameco (TSX: CCO; NYSE: CCJ) announced today that Senior Vice-President and Chief Financial Officer, Grant Isaac, will be speaking at the TD Securities 2021 Mining Virtual Conference on Thursday, January 28th at 10:10 a.m. EST. CCJ earnings call for the period ending December 31, 2020. ET. 1 Interfor says the mill it's buying produced about 125 million board feet of lumber in 2020 but has a permit to expand to about 200 million board feet per year. View which stocks have been most impacted by … Cameco (TSX: CCO; NYSE: CCJ) announced that it has disposed of an aggregate of 5 million common shares in the capital of UEX Corporation (UEX) at a price of approximately $0.30 per common share for aggregate proceeds of $1,501,500. Cameco to reopen Cigar Lake mine in September, Uranium miner Cameco reports $61 million loss in Q3, Federal Court of Appeal has upheld Tax Court ruling in favour of Cameco, CBC's Journalistic Standards and Practices. A portion of Cameco… Cameco controls the world’s largest high … As a reminder, all participants are in listen-only mode and the conference is being recorded. Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2020 in accordance with International Financial Reporting Standards (IFRS). Welcome to the Cameco Corporation First Quarter 2020 Conference Call. The company engages in partnerships with communities on development initiatives and sponsors other projects in the north —like a $1 million COVID-19 relief fund in 2020. The company engages in partnerships with communities on development initiatives and sponsors other projects in the north —like a $1 million COVID-19 relief fund in 2020. Cameco is one of the largest global providers of the uranium fuel. results. The Cameco Fund for Mental Health has awarded grants totalling almost $384,000 to 22 projects making a difference for mental health. Cameco received notice that the Supreme Court of Canada has dismissed Canada Revenue Agency’s application for leave to appeal the June 26, 2020 decision of the Federal Court of Appeal. Comments on this story are moderated according to our Submission Guidelines. As of March 21, 2020, total packaged production from these operations for 2020 was about 4 million pounds U3O8 (100% basis, Cameco’s share 50%). Rachelle Girard - VP, IR. Research Reports. SASKATOON, Saskatchewan, July 29, 2020 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for … Cameco invites investors and the media to join its fourth quarter conference call with the company's senior executives on Wednesday, February 10, 2021 at 8:00 a.m. Eastern. Posted: Nov 01, 2020 11:47 AM CT ... 2007-13, that are also in dispute, though the Cameco news release said the company believed the ruling should apply to tax years 2007 through 2019.
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