Liam Richards: Outlook Points and Profit Point

liam richards: Liam Richards / THE CANADIAN PRESS That said, and as we expected, our 2019 outlook points to a weaker performance from a gross profit point of view, according to The Toronto Star. The uranium producer has been struggling for years with a sluggish market for yellowcake. You will see from our results that we had a strong finish to 2018, CEO Tim Gitzel told on a conference call Monday.A drill is shown during a Cameco media tour of the uranium mine in Cigar Lake, Wednesday, September 23, 2015. Last year, it temporarily halted production at its McArthur River mine and later made the shutdown permanent as it and other producers looked to cut back on supply. Article Continued Below The company relied more on stockpiles because of the mine shutdown, leaving its inventories at about a third of where they were at the start of 2018. The drop in supplies from Cameco and others, and some increased demand, have helped boost spot market prices by about 20 per cent since the start of 2018, but long-term orders have lagged. (news.financializer.com). As reported in the news.