Centrus says Russia canceled TENEX’s licence to export low-enriched uranium to US
Russia, the world's largest supplier of enriched uranium, said last week it had imposed temporary restrictions on the fuel's export to the US.
Cameco’s 4Q net earnings were were $73 million ($0.18 per share diluted), an increase of $9 million compared to $64 million ($0.16 per share diluted) in 2013 due to higher average realized prices and lower average unit cost of sales.
The company also noted help from lower exploration expenditures and higher income tax recovery.
Looking forward Cameco expects revenue to decrease up to 5% in 2015 due to an expected decrease in uranium and fuel services sales volumes.
Table from Cameco.
