Cameco hikes outlook despite earnings hit as demand for nuclear energy powers up

  • 📰 calgaryherald
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 52%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Uranium miner Cameco has raised its revenue outlook as demand for nuclear power grows in the transition away from fossil fuels. Read on

Cameco said that as of June 30, its long-term commitments require an average annual delivery of 28 million pounds of uranium over the next five years as opposed to the 26 million pounds reported at the end of March. The company also said it hopes to deliver between 31 million and 33 million pounds of uranium this year, a boost from previous expectations of 29 to 31 million.

Overall, Cameco increased its revenue outlook for the year to $2.4 billion to $2.5 billion from $2.2 billion to $2.4 billion. “The significant momentum seen in the nuclear energy industry and the heightened supply risk caused by geopolitical developments are translating into increased opportunities for Cameco,” Tim Gitzel, the company’s chief executive, said in a statement.

“We expect industry long-term contracting volumes in 2023 to exceed those in each of the last 10 years. We believe this is a good indication that a new long-term contracting cycle is underway.” Cameco’s positive outlook is a welcome change for the uranium sector, which has endured a tough decade following the Fukushima nuclear disaster in Japan in 2011 that put a chill on nuclear energy demand globally.There was an error, please provide a valid email address.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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 64. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Uranium producer Cameco reports lower net earnings in Q2, increases 2023 revenue outlookA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
출처: KitcoNewsNOW - 🏆 13. / 78 더 많은 것을 읽으십시오 »

Cameco hikes outlook despite earnings hit as demand for nuclear energy powers upUranium miner Cameco has raised its revenue outlook as demand for nuclear power grows in the transition away from fossil fuels. Read on
출처: nationalpost - 🏆 10. / 80 더 많은 것을 읽으십시오 »

Cameco hikes outlook despite earnings hit as demand for nuclear energy powers upUranium miner Cameco has raised its revenue outlook as demand for nuclear power grows in the transition away from fossil fuels. Read on
출처: financialpost - 🏆 7. / 85 더 많은 것을 읽으십시오 »

Cameco hikes outlook despite earnings hit as demand for nuclear energy powers upUranium miner Cameco has raised its revenue outlook as demand for nuclear power grows in the transition away from fossil fuels. Read on
출처: fpinvesting - 🏆 43. / 63 더 많은 것을 읽으십시오 »