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flag Cameco reports $70M profit in Q1 2025, a sharp rebound from $7M loss last year, due to higher uranium prices and production.

flag Cameco, a Canadian uranium miner, reported a $70 million profit for the first quarter of 2025, marking a significant improvement from the $7 million loss in the same period last year. flag Revenue rose to $789 million from $634 million, driven by increased uranium production and higher prices. flag Uranium production hit 6.0 million pounds, with the average price per pound rising to $89.12, up from $77.33.

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