Cameco Reports Second Quarter Financial Results

Press Release –

Cameco (TSX:CCO)(NYSE:CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2014 in accordance with International Financial Reporting Standards (IFRS).

“Our marketing strategy and strong portfolio of contracts continues to serve us well,” said Tim Gitzel, president and CEO, “providing us with average realized prices that are well above the current uranium spot price, and resulting in strong second quarter financial results, despite the continued market uncertainty.

“It’s that uncertainty that guides our strategic decision-making and keeps us focused on the things that are within our control – keeping costs down, and ensuring we’re running our operations safely, efficiently and reliably. Maintaining that focus will help us to weather the challenging near- to medium-term market conditions, and allow us to benefit from the strong, long-term outlook for nuclear energy.”

Read more: http://www.cameco.com/media/news_releases/2014/?id=792