Company News

BRIEF-Cameco to suspend production from McArthur River, Key Lake operations

Nov 8 (Reuters) - Cameco Corp:

* Cameco to suspend production from McArthur River and key lake operations and reduce its dividend

* Cameco Corp - annual dividend will be reduced to $0.08 per common share in 2018

* Cameco - production from McArthur river mining, key lake milling operations in northern Saskatchewan will be temporarily suspended by end of Jan. 2018

* Cameco Corp - as result of suspension, workforce at McArthur River mining & Key Lake milling operations will be reduced temporarily by about 845 workers

* Cameco Corp says expect co’s share of costs to maintain both operations during suspension to range between $6.5 and $7.5 million per month

* Cameco Corp - annual dividend of $0.08 per common share in 2018 is a reduction of $0.32 per common share on an annual basis. Source text for Eikon: Further company coverage: