Despite the near-term costs of its business strategy and the unplanned disruptions due to the covid-19 pandemic, Cameco (TSX: CCO; NYSE: CCJ) ended the first quarter of 2021 with over a billion dollars in cash, and was successful in adding 9 million pounds U₃O₈ to its long-term contract portfolio.

On Friday, the world’s largest publicly traded uranium miner reported a net loss of $5 million for the three months ended March 31, 2021, which the company attributed to the $33 million in additional costs resulting from the closure of its 50% owned Cigar Lake mine in Saskatchewan.