Cameco to suspend production from McArthur River mine, reduce dividend
I've been waiting for this supply crunch for decades ... however, the news doesn't support a price increase.
"With the continued state of oversupply in the uranium market and no expectation of change on the immediate horizon, it does not make economic sense for us to continue producing at McArthur River and Key Lake," Cameco's president and chief executive, Tim Gitzel, said in a statement.
Just too late it seems ... Cameco suspends production at McArthur River
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