Cameco reports $15M Q4 loss but beats earnings estimates as demand for nuclear fuel sizzles

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The uranium miner says its loss, attributable to equity holders, amounted to $15 million or four cents per share for the quarter ended Dec. 31 compared with a profit of $11 million or three cents per share in the last three months of 2021.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

Analysts on average had expected a profit of six cents per share, according to estimates compiled by financial markets data firm Refinitiv. Cameco chief executive Tim Gitzel says demand for nuclear power, supported by growth across the near, medium and long term, is driving the best fundamentals the company has ever seen for the nuclear fuel market.

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