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Cameco sees long-term opportunities while dealing with ‘near-term’ pandemic costs
Cameco’s Cigar Lake uranium mine in northern Saskatchewan. Credit: Cameco.

With its Cigar Lake uranium mine in northern Saskatchewan on care and maintenance for the majority of the second and third quarters, Cameco (TSX: CCO; NYSE: CCJ) reported a quarterly net loss of C$61 million (C$78 million adjusted) for the third quarter, following a net loss of C$53 million in the previous quarter.

Cigar Lake restarted in September, after a six-month suspension in response to the covid-19 pandemic.

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Cameco’s Cigar Lake uranium mine in northern Saskatchewan. Credit: Cameco.

With its Cigar Lake uranium mine in northern Saskatchewan on care and maintenance for the majority of the second and third quarters, Cameco (TSX: CCO; NYSE: CCJ) reported a quarterly net loss of C$61 million (C$78 million adjusted) for the third quarter, following a net loss of C$53 million in the previous quarter.

Cigar Lake restarted in September, after a six-month suspension in response to the covid-19 pandemic.

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