Uranium miner Cameco reports Q1 profit nearly triples, revenue up more than 70%

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Uranium miner Cameco reports Q1 profit nearly triples, revenue up more than 70%
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Profit amounted to $119M or 27 cents per diluted share for the quarter ended March 31, up from $40M or 10 cents per diluted share a year ago

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Canada's TC Energy Corp beat analysts' estimates for first-quarter profit on Friday and said it was active in efforts to sell C$5 billion worth of assets. While global oil prices have declined 20% from peaks hit last year after Russia launched a full-scale invasion of Ukraine, prices are still high enough for companies to produce profitably, boosting demand for pipelines.

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