Cameco Lifts Cigar Lake Stake Raising Questions On Uranium Risk And Returns
Cameco and Orano Canada have agreed to acquire TEPCO Resources' 5% interest in the Cigar Lake Joint Venture. The transaction will increase Cameco's ownership in one of the world's top producing uranium mines. The deal remains subject to regulatory approvals and customary closing conditions. Cameco (TSX:CCO) is moving to expand its share of the Cigar Lake uranium mine, a core asset in its portfolio, while its stock trades around CA$166.86. The company has seen multi year returns of 23.3%...
Cameco and Orano Canada have agreed to acquire TEPCO Resources' 5% interest in the Cigar Lake Joint Venture. The transaction will increase Cameco's ownership in one of the world's top producing uranium mines. The deal remains subject to regulatory approvals and customary closing conditions. Cameco (TSX:CCO) is moving to expand its share of the Cigar Lake uranium mine, a core asset in its portfolio, while its stock trades around CA$166.86. The company has seen multi year returns of 23.3%...