(Adds estimates, forecast)
July 30 (Reuters) - Canada's Cameco Corp CCO.TO CCJ.N ,
one of the world's largest uranium producers, raised its
full-year revenue forecast, helped by increased capacity from
its purchase of nuclear fuel broker Nukem Energy GmbH in 2013.
The company said it expects 2015 revenue to rise 5-10
percent, up from its previous forecast of a rise of 5 percent.
Cameco, which owns the world's largest uranium producing
mine at McArthur River, Saskatchewan, reiterated its forecast
for total uranium output of 25.3-26.3 million pounds in 2015.
In the second quarter ended June 30, Cameco's uranium sales
volume slipped to 7.3 million pounds from 7.4 million pounds a
year earlier.
The company's average realized uranium price rose only 1
percent to $46.57 per pound, and average unit cost of sales rose
14 percent to C$40.71 per pound.
Cameco said the uranium market "continued to be flat" in the
second quarter mainly due to an over-supplied market.
On an adjusted basis, the company earned 12 Canadian cents
per share during the quarter, missing the average analyst
estimate of 20 Canadian cents per share.
The company has been a beneficiary of India's recent move to
limit the legal liability of U.S. suppliers in the event of a
nuclear power plant catastrophe.
Cameco secured a deal in April to supply 7.1 million pounds
of uranium concentrate to India over the next five years.
ID:nL2N0XC1HX
The company's net earnings attributable to its shareholders
fell to C$88 million ($68 million), or 22 Canadian cents per
share, in the quarter, from C$127 million, or 32 Canadian cents
per share, a year earlier. ID:nCCN7GdSSL
Revenue rose 12.5 percent to C$565 million.
The company's Toronto-listed shares were up marginally at
C$17.69 in early trading on Thursday.
($1 = 1.29 Canadian dollars)