Our strategy is set within the context of a challenging market environment, which we expect to give way to strong long-term fundamentals driven by increasing population and electricity demand.
We are a pure play nuclear fuel producer, focused on taking advantage of the long-term growth we see coming in our industry, while maintaining the ability to respond to market conditions as they evolve. Our strategy is to focus on our tier-one assets and profitably produce at a pace aligned with market signals in order to increase long-term shareholder value, and to do that with an emphasis on safety, people and the environment.
Uranium production is central to our strategy, as it is the biggest value driver of the nuclear fuel cycle and our business. We are focussed on our tier-one assets and managing supply according to market conditions to return the best value possible. Consistent with this focus, we have curtailed production at higher-cost operations and continue to strategically reduce costs and increase efficiency throughout the company. As markets improve, we expect to meet rising demand with increased production from our best margin operations.
Our fuel services division is a source of profit and supports our uranium segment while allowing us to vertically integrate across the fuel cycle. Our focus is on maintaining and optimizing profitability.
We continue to explore opportunities in the second largest value driver of the fuel cycle.
NUKEM’s activities provide a source of profit and gives us insight into market dynamics.
Each quarter, Cameco's president and CEO, Tim Gitzel, provides his perspectives on the uranium fuel industry and our company's performance.
Supply & Demand
Long-term outlook for the uranium industry remains positive, despite current market uncertainty.
Caution about Forward-Looking Information
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