'We're prepared to sit and wait': Cameco hunkers down as losses pile up

Canada’s largest uranium miner has taken drastic action to reduce its overhead costs, but that hasn’t stopped it from continuing to lose money in what its chief executive calls the toughest year of his career.
Despite reducing its production and administrative expenses by almost a third, Cameco Corp. on Friday reported its fourth consecutive quarterly loss as uranium prices continue to languish more than 70 per cent below 2011 levels.
“We’re prepared to sit and wait,&rdqu