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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Areva    AREVA   FR0011027143

AREVA (AREVA)
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Areva : New AREVA Communication following Cameco’s Decision

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11/09/2017 | 09:04am CET

November 09, 2017

New AREVA acknowledges the decision of Cameco Corporation to temporarily suspend by the end of January 2018 production from the McArthur River mining and Key Lake* milling operations in northern Saskatchewan, Canada, due to the continued low uranium price.

Market conditions have been very unfavourable with a drop of uranium spot price from early 2015 to the end of 2016 by 50% to reach 20$/lb and so far, the market does not show any sign of recovery.

New AREVA confirms that this temporary suspension - which is expected to last ten months - will not affect uranium delivery to its customers.

Regarding Cigar Lake mine and McClean Lake mill, 2018 production is expected at the same level as in 2017.**

New AREVA is committed to remain a reliable and competitive long-term uranium supplier.

* The McArthur mine is owned by Cameco (69.8%, operator) and AREVA (30.2%). The Key Lake mill is owned by Cameco (83.3%, operator) and AREVA (16.7%).

** The McClean Lake mill is owned by AREVA Resources Canada Inc. (70%), Denison Mines Inc.Corp. (22.5%) and OURD Canada Co. Ltd. (7.5%), and is operated by AREVA. The Cigar Lake mine is owned by Cameco Corp. (50.025%, operator), AREVA (37.1%), Idemitsu Canada Resources Ltd. (7.875%) and TEPCO Resources Inc. (5.0%).

Areva SA published this content on 09 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 November 2017 08:03:10 UTC.

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Financials (€)
Sales 2017 3 970 M
EBIT 2017 433 M
Net income 2017 354 M
Debt 2017 4 131 M
Yield 2017 -
P/E ratio 2017 8,18
P/E ratio 2018
EV / Sales 2017 1,48x
EV / Sales 2018 1,54x
Capitalization 1 725 M
Chart AREVA
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Areva Technical Analysis Chart | AREVA | FR0011027143 | 4-Traders
Technical analysis trends AREVA
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Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 4,27 €
Spread / Average Target -5,1%
EPS Revisions
Managers
NameTitle
Philippe Knoche Chief Executive Officer & Director
Philippe Varin Chairman
Anne-Marie Choho Senior Executive Vice President-Operations Support
Stéphane Lhopiteau Chief Financial Officer
Markus Birkhofer SEVP-Research, Development & Innovation
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