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93% fall in earnings so far this year, for uranium mining company

Earnings down for Saskatoon uranium giant CBC News May 1, 2013 Lower sales, lower prices and higher costs pushed down first quarter results at Cameco.

So far this year, the Saskatoon-based uranium company earned $9 million — down 93 per cent from the $129 million Cameco made in the first quarter of 2012……

The company recently laid off a number of staff at its Saskatoon headquarters.

Cameco said most of the power utilities that buy its nuclear products are locked into contracts until 2016….. http://www.cbc.ca/news/canada/saskatchewan/story/2013/05/01/saskatoon-cameco-earnings.html

May 3, 2013 - Posted by Christina MacPherson | business and costs, Canada, Uranium

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