Cameco reduces market purchases guidance to up to 1M pounds

The company said, “As a result of the changes in our production plans noted above, we now expect our share of production of U3O8 to be up to 20M pounds for 2025. We have reduced our outlook for market purchases to up to 1M pounds, previous outlook up to 3M pounds, as a result of our utilization of standby product loan facilities to offset the impact of the expected reduction in our 2025 production on our inventory balance. We have narrowed our guidance for the sales/deliveries volumes in our uranium segment to 32M-34M pounds, previously 31M-34M pounds, as we have greater confidence in the timing of potential uranium deliveries as we approach the end of the year.”