Cameco says it made a 55-million dollar profit for the first three months of the year.
The Saskatoon- based uranium giant attributes a portion of their net earnings to cost savings from the suspension of production at the McArthur River and Key Lake operations. President and CEO Tim Gitzel also credits higher uranium sales and prices.
When it comes to when the McArthur River and Key Lake facilities will start up again, Gitzel said no decision had been made on that and that the term, or contract price of uranium needs to be higher before the thought process on that can begin.
That decision late last year has left over 800 workers without a job.