As to the results this quarter, they were strong and in line with what we projected, even with the volatility in the markets lately. Our Fuel Services facilities continue to operate well, and revenue from that segment was up $16 million this quarter. However, unfavorable market conditions for UF6 conversion have caused us to reduce production for this year.In the uranium segment, sales, revenue and gross profit were all up this quarter compared to Q3 last year. However, we have revised our uranium production outlook for the year, down slightly by about 1%. Production is not quite where we wanted it to be, mostly because of maturing well fields at Inkai and permitting delays at Smith Ranch in Wyoming.
Cameco Management Discusses Q3 2011 Results - Earnings Call Transcript
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