Welcome to the Cameco Corporation HUB on AGORACOM
Cameco's vision is to be a dominant nuclear energy company producing uranium fuel and generating clean electricity. Our key strategy to deliver this vision is to sustain and grow uranium production in a way that is safe, clean, cost-effective and communit
Message: Uranium Producers Slow Production to Conserve Margins
Uranium Producers Slow Production to Conserve Margins
The Bedford Report Provides Equity Research on Cameco Corp & Denison Mines
Companies:
{"s" : "ccj,cco.to,dml.to,dnn","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: The Bedford Report On Monday October 17, 2011, 8:16 am
NEW YORK, NY--(Marketwire -10/17/11)- Uranium prices are finally starting to stabilize as companies are cutting back on production. Demand has softened following the Fukushima nuclear disaster, leading producers to slow production to conserve margins. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on Cameco Corporation (NYSE: CCJ - News) (TSX: CCO.TO - News) and Denison Mines Corporation (AMEX: DNN - News) (TSX: DML.TO - News). Access to the full company reports can be found at:
Uranium prices have yet to recover from the aftermath of Japan's devastating earthquake in March. Demand has slumped as Germany announced plans to close all 17 of its nuclear power reactors by 2022. Until recently, production remained on the upswing. However, earlier this month the world's top producer, Kazakhstan, announced that it has stabilized production to around 20,000 metric tons annually in order to avoid further depressing prices.
Sergei Dara, Director of Strategic Development and International Projects at Kazatomprom, the state nuclear company, said as long as prices remain at their current low levels, "Kazakhstan will not develop new projects and our production will remain at the current level."
The Bedford Report releases stock research on the Uranium Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world's largest uranium producers. The company's uranium products are used to generate electricity in nuclear energy plants around the world. The company said it now sees global uranium demand in 2011 at 175 million pounds, compared with a previous estimate of 180 million pounds. It forecasts world uranium demand in 2020 at 225 million pounds, down from an earlier estimate of 230 million pounds.
Denison Mines Corp. is an intermediate uranium producer with production in the U.S., combined with a diversified development portfolio of projects in the U.S., Canada, Zambia and Mongolia. The Company recorded a net loss of $13,749,000 or $0.04 per share for the three months ended June 30, 2011 compared with net income of $16,744,000 or $0.05 per share for the same period in 2010.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer
Contact:
The Bedford Report
Email Contact
New Message
Please
login
to post a reply