An extended Key Lake mill outage halved McArthur River output to 1.1 million pounds, leaving adjusted EPS at nil and revenue missing expectations. Cameco also trimmed 2026 production guidance and raised its uranium unit cost of sales outlook to $67.00 to $70.00 per pound. Investors are repricing mining execution, not nuclear demand.
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Stock Market Today: Nasdaq Futures Plunge 2% as Big Tech Sells Off
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Can Cameco’s 89x Premium Valuation Survive Another Big Miss on Oct. 30?
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