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WNN reports on the optimism by two Canadian-based uranium companies despite the Japanese nuclear disaster.
WNN reports on the optimism by two Canadian-based uranium companies despite the Japanese nuclear disaster.
The market news is quoted as saying:
Cameco, which regained its position as the world’s largest uranium production company in 2010, and Denison both reported half-yearly earnings that were down on the same period last year, with Cameco reporting net earnings of C$145 million ($146.3 million) and Denison a net loss of nearly $14 million for the period.
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Vanadium and uranium producer Denison pointed to events in Japan as the reason for a decline in spot market uranium demand and price. The company has responded to the weaker market conditions by deferring uranium sales until later in the year.