⛏ Cameco Strategic Partnerships

PLUS: Cassiar Gold Update

Greetings Contrarian,

Source: Trading Economics, Numerco.

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and eat hamburgers.

Here are the highlights:

🤝 Cameco Strategic Partnerships

🤞 Cassiar Gold Update

🤔 Is the Price Of Uranium High Enough?

🤝 Cameco Strategic Partnerships

Cameco (TSX: CCO; NYSE: CCJ) reports consolidated financial and operating results for Q4 and full-year 2023.

Highlights

  • Q4 net earnings were $80 million, and adjusted net earnings were $90 million.

  • Annual net earnings for 2023 totalled $361 million, with adjusted net earnings of $339 million.

Despite plans to increase production at key mines and secure long-term contracts, the need to purchase at least 2 million pounds of uranium in the spot market reflects potential disruptions in the already high price of uranium. We’re watching!

🤞 Cassiar Gold Update

Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) announces results from the 2023 exploration program at Cassiar Gold Project in British Columbia, Canada.

Highlights

  • 101.4 m of 0.84 g/t Au 

  • 178.3 m of 0.59 g/t Au

  • 30.0 m of 1.05 g/t Au

Despite the results, the price is down 4.5% and the volume is below average, as we type. I guess the market was expecting a lot more from a (checks notes)… C$28m market cap company. Madness.

📰 In Other News:

🤔 Is the Price Of Uranium High Enough?

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The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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