Uranium miner was hit hard by the suspension of its mine in Rabbit Lake, Sask
Cameco’s (TSE:CCO) second quarter financial results, posted on Thursday, show the company was hit hard by the suspension of its mine in Rabbit Lake, Sask. in April.
The Canadian mining company posted net losses of $59 million in the first six months of 2016, compared to earnings of $79 million at the same time last year.
Cameco’s stock has fallen by close to 18 per cent since the end of April, when it was at $16.97. On Wednesday, the stock closed at just over $14.
Read the full article at: ca.finance.yahoo.com
