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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (178459)	4/30/2024 2:11:47 PM
From: LoneClone	Read Replies (1) \| Respond to of 192593

Uranium miner Cameco reports $7M Q1 loss, revenue down from year ago ca.finance.yahoo.com The Canadian Press Tue, April 30, 2024 at 8:00 a.m. PDT·1 min read CCJ -6.34% SASKATOON — Cameco Corp. reported a loss in its latest quarter as it was hit by charges related to its acquisition of a stake in Westinghouse Electric Co., one of the world's largest nuclear services businesses. The uranium miner says it's loss attributable to equity holders amounted to $7 million or two cents per diluted share for the quarter ended March 31 compared with a profit of $119 million or 27 cents per diluted share a year earlier. Revenue totalled $634 million, down from $687 million in the same quarter last year. On an adjusted basis, Cameco says it earned 13 cents per share in its latest quarter, down from 27 cents per share a year earlier. Last year, Cameco and Brookfield Renewable Partners closed their deal to buy Westinghouse Electric for US$4.5 billion plus assumed debt. Under the deal, Brookfield Renewable, with its institutional partners, hold a 51 per cent stake, while Cameco owns 49 per cent.