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5 Things You Didn't Know About Cameco Corp.

25.04.2017

If you've invested in uranium stocks or follow the uranium industry, you've almost certainly heard of Cameco Corp. (NYSE:CCJ). It was all set to make the most of an anticipated rise in global demand for nuclear power when 2011's Fukushima Daiichi nuclear disaster cut short its dreams. It has been an uphill battle for the uranium producer ever since, but Cameco not only survived, it grew to become the world's largest pure-play publicly traded uranium stock today.

With that basic background out of the way -- and with Cameco set to report its earnings later this month -- here are five fascinating facts about the uranium giant you may not know.

1. Cameco is the world's largest uranium producer

With nearly 415 million pounds of proven and probable reserves, and 27 million pounds in production last year, Cameco is the world's largest uranium producer in the world. Through its mines in Kazakhstan, the United States, and Canada, the co

In fact, the McArthur River mine in Canada -- in which it holds 70% stake -- is the world's largest and highest-grade uranium ore mine in existence today. Cameco estimates its ore grade to be worth "100 times the world average." In the business of mining, owning high-grade ore mines is, perhaps, the biggest competitive advantage.

2. It won't be easy to dethrone

Cameco might already be the leading uranium producer, but it also has several projects  in the pipeline ready to develop that could be pushed to production levels as the uranium market recovers. Key properties include Yeelirrie and Kintyre mines in Australia, and the Millennium deposit in the Athabasca Basin of Saskatchewan, Canada.

While Cameco has scaled back development at all these sites, it has its plans in place to ramp up production from them in line with demand or to replace depleting resources. Put another way, Cameco's solid asset base will likely ensure the company remains at the top of the game for years to come.

mpany produces nearly 17% of the world's uranium supply.

 

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