Cameco Corporation’s Revenue Breakdown (2016-2023)

The statistics highlight Cameco Corporation’s Revenue Breakdown, split between Fuel services and Uranium business divisions, reported quarterly from Q1 2016 onwards.

Cameco Corporation’s Revenue Breakdown

The revenue of Cameco Corporation has been growing over the years. Comparing the revenue on year on year basis, the revenue increased by 31.9% from 2022 Q3 to 2022 Q4, and from 2022 Q4 to 2023 Q1, the revenue has increased by 33.9% respectively. Uranium has been the major contributor to the total revenue generated by Cameco Corporation in the first quarter of 2023, accounting for 89.59% of the total revenue, and revenue from fuel services accounted for 13.41% of the total revenue in the same quarter.

Uranium

Cameco Corporation’s uranium production capacity is among the world’s largest. However, in 2022, with many of its operations in care and maintenance, it accounted for about 12% of world production. The company has controlling ownership of the world’s largest high-grade mineral reserves. The uranium products of Cameco Corporation are used by nuclear energy plants around the world to generate one of the cleanest sources of electricity available today. The tier one operations of Cameco Corporation include McArthur River and Key Lake (Saskatchewan), Cigar Lake(Saskatchewan), and Inkai, (Kazakhstan). The tier two operations include Rabbit Lake (Saskatchewan)  Smith Ranch-Highland (Wyoming), and Crow Butte (Nebraska). Advanced projects include  Millennium (Saskatchewan), Yeelirrie (Australia), and Kintyre( Australia). The Exploration of Cameco Corporation is focused on North America, approximately 0.78 million hectares of land.

Fuel Services

It is an integrated uranium fuel supplier, offering refining, conversion, and fuel manufacturing services. Some of the products include uranium dioxide (UO₂), uranium trioxide (UO₃), uranium hexafluoride (UF₆ ), etc. The operations include

1. Blind River refinery, Ontario (refines uranium concentrates to UO₃)
2. Port Hope conversion facility, Ontario (converts UO₃to UF₆ or UO₂)
3. Cameco Fuel Manufacturing Inc. (CFM), Ontario (manufactures fuel bundles and reactor components for CANDU heavy-water reactors)

Cameco Corporation is focused on offering nuclear fuel products and services across the fuel cycle to support the generation of clean, reliable, secure, and affordable energy, and it currently focuses on taking advantage of the long-term growth anticipated in the industry. Nuclear energy must be a core part of the solution to the world’s transition to a low-carbon economy. It is a possibility that can provide the power needed, with reliability, safety, and affordability, and in a way that will certainly help avoid some of the worst consequences of climate change.

About Cameco Corporation

Cameco Corporation is the world’s largest uranium company, based in Saskatoon, Saskatchewan, Canada. It is a publicly listed company on the Toronto and New York stock exchanges. It is one of the largest providers of uranium fuel. It was founded in 1988 and has a vision to energize a clean-air world.  Its operations include the nuclear fuel cycle from exploration to fuel services, which include uranium production, refining, UO₂ and UF₆ conversion services, and CANDU fuel manufacturing for heavy water reactors.

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