By David Kirton

Cameco reports massive profit drops

Nov 7, 2011 | 10:24 AM

Uranium giant Cameco's profits dropped significantly this year with profits down 60 per cent from $98 million to $39 million, despite a third quarter report that reported revenues of $527 million, up 26 per cent from a year ago.

Cameco explained that it was because they had to contend with foreign currency exchange losses.

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