Cameco Indicates Production Has Resumed At Inkai Joint Venture

Production has resumed at Cameco’s (TSX: CCO) Inkai joint venture in Kazakhstan. The company this morning issued a brief release, indicating that production at the venture, which is operated by Kazatomprom, has resumed.

Production at Inkai had been halted as of January 1, following the failure by the joint venture to obtain an extension to the timeline to submit updated documentation to Kazakhstan’s Ministry of Energy related to development plans. The mining halt reportedly caught Cameco by surprise, with the company stating at the time that the suspension was unexpected, with the Canadian miner seeking clarification on how the suspension even occurred.

The impact of the suspension, which lasted 26 days, is currently being determined by the two joint venture partners.

Cameco last traded at $80.34 on the TSX.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Cameco Sees Canaccord Cut Price Target To $43

Cameco (TSX: CCO) last week reported its first-quarter financial results, where it showcased strong year-over-year...

Monday, May 9, 2022, 03:11:00 PM

Cameco Explores Collaboration With GE Hitachi To Deploy Small Modular Nuclear Reactors

Cameco (TSX: CCO) announced this morning that it has entered into a memorandum of understanding...

Wednesday, July 7, 2021, 10:33:00 AM

Kazatomprom Hints At Impacts To Operations Following Social Unrest

It appears that Kazatomprom, whom is the largest producer globally of uranium, is beginning to...

Friday, January 7, 2022, 11:12:48 AM

Cameco’s Q3 2024 Profits Sink 95% Despite 25% Revenue Surge

Cameco Corp. (TSX: CCO) reported its third-quarter 2024 earnings, showing notable growth in revenue and...

Thursday, November 7, 2024, 02:36:00 PM

Cameco: BMO Lifts Price Target To $42 Following Positive Uranium Price Move

On March 30th, BMO Capital Markets raised their rating and 12-month price target on Cameco...

Sunday, April 3, 2022, 11:08:00 AM