Cameco today reported its consolidated financial and operating results for the second quarter ended June 30, 2019 in accordance with International Financial Reporting Standards . “Our results reflect the outlook we provided for 2019 and the normal quarterly variations in contract deliveries, which are weighted to the second half of the year,” said Tim Gitzel, Cameco’s president and CEO. “On a [...]
Cameco announced today that a tribunal of international arbitrators has ruled in favour of Cameco Inc. in its contract dispute with Tokyo Electric Power Company Holdings, Inc. . The Tribunal rejected TEPCO’s assertion that it had the right to terminate its uranium supply agreement alleging force majeure, and awarded damages to Cameco Inc. of $40.3 million . Damages were based on the Tribunal’s interpretation [...]
Cameco today responded to the decision by President Donald Trump to implement no new trade restrictions on uranium imports into the United States following the Section 232 investigation into the matter. “We are pleased with this decision,” said Cameco President and CEO Tim Gitzel. “Uranium supplied by Cameco or Canada for zero-carbon energy generation has never been a threat to U.S. national security [...]
Cameco has announced the election of 9 board members at its annual meeting held on May 7, 2019. Shareholders elected board members Ian Bruce, Daniel Camus, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson, Don Kayne and Anne McLellan. Voting Results for Cameco Directors Nominee Votes For % Votes For Withheld % Votes Withheld Ian Bruce 76,897,465 96.94% 2,424,883 3.06% Daniel Camus 76,655,466 [...]
Cameco today reported its consolidated financial and operating results for the first quarter ended March 31, 2019 in accordance with International Financial Reporting Standards . “Our results reflect the outlook we provided for 2019 and the normal quarterly variation in contract deliveries, which are weighted to the second half of the year,” said Tim Gitzel, Cameco’s president and CEO. “2018 ended [...]
Cameco has received a decision from the Tax Court of Canada on its application to recover substantial costs incurred in its dispute of reassessments with Canada Revenue Agency for the 2003, 2005 and 2006 tax years. Cameco has been awarded $10.25 million for legal fees incurred, plus an amount for disbursements which is yet to be determined. “I am pleased to see that we have been awarded $10.25 million for legal fees [...]
currency: Cdn Cameco reported today that it filed its annual report on Form 40-F with the US Securities and Exchange Commission. The document includes Cameco’s audited annual financial statements for the year ended December 31, 2018, its management’s discussion and analysis , and its Canadian annual information form . In addition, Cameco filed with Canadian securities regulatory authorities its AIF. Its [...]
Cameco reaffirms its ability to meet its financial obligations and self-manage risk, despite the recent downgrade in its credit rating. “We are disappointed by the ratings downgrade. Our 2018 results and our outlook for 2019 are as expected, but the deliberate decisions we have made to strengthen the company for the long-term come with some near-term costs, which impact our credit metrics,” said Grant Isaac [...]
Cameco today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2018 in accordance with International Financial Reporting Standards . “As we expected, we had a strong finish to 2018,” said Tim Gitzel, Cameco’s president and CEO. “There were some significant developments in 2018 that contributed to the strong finish, and that have [...]
Cameco today reported its consolidated financial and operating results for the third quarter ended September 30, 2018 in accordance with International Financial Reporting Standards . “Our results and the updates to our outlook reflect the impact of our decision to extend the shutdown at McArthur River/Key Lake, and the tax case ruling that was unequivocally in our favour,” said Tim Gitzel, Cameco’s [...]
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 [...]
