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CCO - Cameco News Story

C$13.87 0.2  1.1%

Last Trade - 07/08/20

Sector
Energy
Size
Large Cap
Market Cap £3.14bn
Enterprise Value £3.22bn
Revenue £1.17bn
Position in Universe 88th / 2679

BRIEF-Cameco Extends Production Suspension At Cigar Lake Mine; Withdraws Outlook

Mon 13th April, 2020 10:16pm
April 13 (Reuters) - Cameco Corp  CCO.TO :
    * CAMECO EXTENDS PRODUCTION SUSPENSION AT CIGAR LAKE MINE
AND
WITHDRAWS OUTLOOK
    * CAMECO CORP - ARE WITHDRAWING OUR OUTLOOK FOR 2020
    * CAMECO CORP - DETERMINED THAT CIGAR LAKE WORKFORCE WILL
NEED TO
REMAIN AT ITS CURRENT REDUCED LEVEL FOR A LONGER DURATION
    * CAMECO CORP - AT DECEMBER 31, 2019 HAD $1.2 BILLION IN
CASH AND
$1 BILLION IN LONG-TERM DEBT WITH MATURITIES IN 2022, 2024 AND
2042
    * CAMECO CORP - WILL KEEP CIGAR LAKE FACILITY IN SAFE CARE
AND
MAINTENANCE FOR AN INDETERMINATE PERIOD
    * CAMECO CORP - HAVE A $1 BILLION UNDRAWN CREDIT FACILITY
    * CAMECO CORP - ORANO HAS ALSO DECIDED TO EXTEND TEMPORARY
PRODUCTION SUSPENSION AT ITS MCCLEAN LAKE MILL.
    * CAMECO CORP - EXPECT CASH BALANCES AND OPERATING CASH
FLOWS TO
MEET CAPITAL REQUIREMENTS DURING 2020
    * CAMECO CORP - DO NOT ANTICIPATE DRAWING ON CREDIT FACILITY
    * CAMECO CORP - COVID-19 PANDEMIC HAS DISRUPTED GLOBAL
URANIUM
PRODUCTION
    * CAMECO CORP - BELIEVE RISK TO URANIUM SUPPLY IS GREATER
THAN
RISK TO URANIUM DEMAND
    * CAMECO CORP - BALANCE SHEET REMAINS STRONG, AND BELIEVE
ARE WELL
POSITIONED TO SELF-MANAGE RISK

Source text for Eikon:  ID:nGNX2zm02W 
Further company coverage:  CCO.TO 

 ((Reuters.Briefs@thomsonreuters.com;))
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