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BRIEF-Cameco Qtrly Loss Per Share $0.19

Published 2018-07-25, 06:18 p/m
BRIEF-Cameco Qtrly Loss Per Share $0.19
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July 25 (Reuters) - Cameco Corp CCO.TO :

* CAMECO REPORTS SECOND QUARTER RESULTS AND ITS DECISION TO SUSPEND PRODUCTION AT MCARTHUR RIVER AND KEY LAKE FOR AN INDETERMINATE DURATION

* CAMECO SAYS AS EXPECTED, AVERAGE UNIT COST OF SALES IN URANIUM SEGMENT WAS HIGHER IN QUARTER COMPARED TO Q2 OF 2017

* CAMECO - TO FURTHER DECREASE COSTS, WORKFORCE AT CO'S CORPORATE OFFICE TO BE REDUCED BY ABOUT 150 POSITIONS INCLUDING EMPLOYEES AND VACANCIES

* CAMECO CORP - EXPECT TO INCUR BETWEEN $40 MILLION AND $45 MILLION IN SEVERANCE COSTS IN Q3

* CAMECO - MCARTHUR RIVER/KEY LAKE SUSPENSION TO RESULT IN PERMANENT LAYOFF OF ABOUT 550 SITE EMPLOYEES, INCLUDING THOSE ON TEMPORARY LAYOFF SINCE JAN

* CAMECO CORP - "WE WILL NOT PRODUCE FROM OUR TIER-ONE ASSETS TO DELIVER INTO AN OVERSUPPLIED SPOT MARKET"

* CAMECO CORP - CONSOLIDATED REVENUE IS EXPECTED TO BE BETWEEN $1,890 MILLION AND $2,140 MILLION FOR 2018

* CAMECO CORP - EXPECT CAPITAL EXPENDITURES OF $80 MILLION FOR 2018

* CAMECO CORP - QTRLY LOSS PER SHARE $0.19

* CAMECO - A REDUCED WORKFORCE OF ABOUT 200 EMPLOYEES WILL REMAIN AT MCARTHUR RIVER & KEY LAKE SITES TO MAINTAIN FACILITIES

* CAMECO CORP - QTRLY ADJUSTED LOSS PER SHARE $0.07

* CAMECO CORP - "IN 2019, IN OUR URANIUM SEGMENT, WE EXPECT TO PRODUCE 9 MILLION POUNDS, AND HAVE COMMITMENTS TO PURCHASE BETWEEN 5 MILLION AND 6 MILLION POUNDS"

* CAMECO CORP - QTRLY REVENUE $333 MILLION, DOWN 29 PERCENT

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