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Cameco’s profit beat estimates on improved uranium prices, cost-cutting drive

By analyst By Cecilia Jamasmie Canada’s top uranium producer Cameco (TSX:CCO) (NYSE:CCJ) injected some optimism in the depressed yellow powder market by posting a better-than-expected quarterly profit, on the back of improved prices and its efforts to cut production to ease a current oversupply. Uranium prices have fallen more than 70% since the Fukushima disaster

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