Cameco generates $55-million profit after five consecutive quarterly losses

After losing money for five consecutive quarters, Cameco Corp. is reporting earnings of $55 million in the first three months of 2018.
The Saskatoon-based uranium miner attributed its gains — booked in a “quiet” market — to the restructuring of its Kazakh joint venture, as well as higher uranium sales and prices. Revenues for the three months totalled $439 million, the company announced Friday.
“We continue to focus on what we control,” Cameco president a