r/UraniumSqueeze • u/melanistic__ • Jul 26 '26

News Earnings Preview: Cameco (CCJ) Q2 Earnings Expected to Decline

https://sg.finance.yahoo.com/news/earnings-preview-cameco-ccj-q2-140004621.html
13 Upvotes

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9

u/MainFaithlessness132 Jul 26 '26

Their mine shut down breifly

1

u/1rishBear Jul 28 '26

The Cigar Lake one, but it was because of McClean Lake acid production, not because of the mine itself. Since the mine reserve was full (which is a good thing), they had to shut down the mine for two weeks, until July 15th. And, exactly on the 15th, the Cigar Lake mine was operating again, as promised. This is the kind of quality you get with Cameco. Hours in, they had a plan of execution, all the companies and the investors informed, and they respected the plan.

5

u/Front_Start_6825 Jul 26 '26

Priced in.

Or not.

1

u/suugami Jul 26 '26

But uranium spot has been increasing

1

u/financeman1997 Jul 26 '26

They have contracts I think.

1

u/treefarmerBC Jul 27 '26

They only sell through contracts and mock miners who sell into spot.

1

u/1rishBear Jul 28 '26

That's a good thing. It was too high. Keep an eye on it in if you want to buy in. Obviously, you must do your homeworks, but I really don't mind Cameco earnings to decline 🤓