UBS expects uranium prices to increase more slowly

MINEX Forum | July 28, 2016
img0 Image: http://bloximages.chicago2.vip.townnews.com/ UBS analysts recently revised their average spot uranium prices for the years ahead, and all of these revisions were downward. For 2016 the forecast is now $30/lb. down from $37/lb., for 2017 they cut the forecast to $32/ lb. from $55/lb., for 2018 to $42/lb. from $60/ lb.,and for 2019 to $55/lb. from $60. ...

Cameco reported loss due to weak prices

MINEX Forum | July 28, 2016
img0 Image: www.cameco.com/ Cameco (TSX: CCO; NYSE: CCJ), the world’s No.2 uranium producer, reported its consolidated financial and operating results for the second quarter. Net losses were $137 million compared to net earnings of $88 million in the second quarter of 2015. Revenue shrunk from $565 million to $466 million a year earlier. The company explained net losses by impairment ...