Quarterly Reports - 2007 - Q1
Cameco Corporation today reported that the first quarter 2007 net earnings were down from 2006, primarily due to the following impacts from these business segments:
- uranium deliveries were lower at the discretion of customers,
- electricity output was lower due to a planned outage, and
- gold production decreased as a result of lower throughput and grade.
"Since Cameco's quarterly results vary significantly, comparing today's results to a remarkably strong first quarter last year is a poor indicator of future performance," said Jerry Grandey, Cameco's president and CEO. "We expect our consolidated annual revenue to grow by nearly 50% in 2007."