|Cameco Corporation - CCO.t is one of the world's largest uranium producers accounting for about 18% of the world's production from its mines in Canada, the US and Kazakhstan.|
Cameco holds premier land positions in the world's most promising areas for new uranium discoveries.
The Financial Post reports in its Saturday, Oct. 28, edition that Cameco is trimming its production outlook due to delays at its Key Lake mine and lower-than-expected production at its Smith Ranch-Highland operation. A Canadian Press dispatch to the Post reports that the uranium miner says it now expects to produce 24 million pounds this year, down from an earlier forecast for 25.2 million pounds. The revised outlook came as Cameco says it lost $124-million or 31 cents per share in its latest quarter compared with a profit of $142-million or 36 cents per share a year ago.