Cameco received notification that the Canada Revenue Agency has filed an appeal with the Federal Court of Appeal regarding the Tax Court of Canada decision of September 26, 2018 which found in favour of Cameco for tax years 2003, 2005 and 2006. “We are disappointed that the CRA has taken this action after such a clear and decisive ruling from the Tax Court,” said Tim Gitzel, Cameco’s president and CEO [...]
Cameco announced today that the Tax Court of Canada has ruled unequivocally in favour of the company in its dispute of the reassessments issued by Canada Revenue Agency for the 2003, 2005 and 2006 tax years. The Tax Court ruled that Cameco’s marketing and trading structure involving foreign subsidiaries and the related transfer pricing methodology used for certain intercompany uranium sale and purchase agreements [...]
SASKATOON, Saskatchewan, July 25, 2018 -- Cameco today reported its consolidated financial and operating results for the second quarter ended June 30, 2018 in accordance with International Financial Reporting Standards . “Our results reflect the impact of a weak uranium market and the deliberate actions we have taken driven by the goal of increasing long-term shareholder value,” said Tim Gitzel, Cameco’s [...]
SASKATOON, Saskatchewan, July 20, 2018 -- Cameco will issue its second quarter results after markets close on Wednesday, July 25, 2018. Cameco invites investors and the media to join its second quarter conference call with the company's senior executives on Thursday, July 26, 2018 at 8:00 a.m. Eastern. Cameco will discuss the financial results and company developments before opening the call to questions from investors [...]
SASKATOON, Saskatchewan, July 18, 2018 -- Cameco today responded to the decision by the United States Department of Commerce to launch an investigation into whether the quantity and circumstances of foreign uranium imports into the US threaten to impair national security. The announcement by Commerce Secretary Wilbur Ross triggers an investigation that could take up to 270 days to complete. A report will then be provided [...]
SASKATOON, Saskatchewan, May 16, 2018 -- Cameco has announced the election of 10 board members at its annual meeting held on May 16, 2018. Shareholders elected board members Ian Bruce, Daniel Camus, John Clappison, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson, Don Kayne and Anne McLellan. As announced in February, Ian Bruce will succeed Neil McMillan as chair of Cameco’s board of [...]
SASKATOON, Saskatchewan, April 27, 2018 -- Cameco today reported its consolidated financial and operating results for the first quarter ended March 31, 2018 in accordance with International Financial Reporting Standards . “We continue to focus on what we can control,” said president and CEO, Tim Gitzel. “In the first quarter we generated significant cash flow, which is due to our portfolio optimization [...]
SASKATOON, Saskatchewan, Feb. 09, 2018 -- Cameco today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2017 in accordance with International Financial Reporting Standards . “Our fourth quarter and annual results are in line with the outlook that we provided in the third quarter,” said president and CEO, Tim Gitzel. “While the market has [...]
SASKATOON, Saskatchewan, Feb. 08, 2018 -- Cameco today announced the appointment of Ian Bruce as chair of Cameco’s board of directors effective immediately following the company’s annual general meeting on May 16, 2018. Bruce will succeed Neil McMillan, who is retiring from the board after five years as chair, and 16 years as a Cameco director. “I am honoured to take over from Neil as chair and look [...]
$ Cameco announced today that it filed a technical report under Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects titled "Inkai Operation, South Kazakhstan Oblast, Republic of Kazakhstan." The technical report is dated January 25, 2018, with an effective date of January 1, 2018. As outlined in the technical report, Joint Venture Inkai LLP's 2017 production was 5.5 [...]
Cameco Corporation announced that the restructuring of Joint Venture Inkai LLP outlined in the implementation agreement dated May 27, 2016 with Joint Stock Company National Atomic Company Kazatomprom and JV Inkai closed today and will take effect on January 1, 2018. This restructuring was subject to obtaining all required government approvals including an amendment to JV Inkai's existing Resource Use Contract with the [...]
Currency: Cdn Cameco announced today that due to continued uranium price weakness, production from the McArthur River mining and Key Lake milling operations in northern Saskatchewan will be temporarily suspended by the end of January 2018 and that the company's annual dividend will be reduced to $0.08 per common share in 2018. "With the continued state of oversupply in the uranium market and no expectation of change on [...]
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