Cameco Corporation (CCO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to Cameco's third quarter conference call. I would like to acknowledge that we are calling in from both Toronto and Saskatoon today. Toronto is on Treaty 13 territory and the traditional territory of many nations, including the Mississaugas of the Credit, the Anishinaabe, the Chippewa, the Haudenosaunee, and the Wendat peoples, and now home to many diverse First Nations, Inuit, and Métis peoples. Our corporate office in Saskatoon, which is on Treaty 6 territory, is the traditional territory of the Cree people and homeland of the Métis. With us in Toronto are Tim Gitzel, CEO, Grant Isaac, President and COO, and Heidi Shaw, SVP and CFO. Rochelle Girard, SVP and Chief Corporate Officer, is joining from our Saskatoon headquarters. I'll hand it over to Tim momentarily to speak to the strong financial results we've delivered through the first nine months of the year, which have kept Cameco in a solid position amid growing momentum in nuclear markets. Tim will also touch on the recently announced agreement for the U.S. government to purchase Westinghouse reactors, which is expected to drive significant value to Westinghouse and to Cameco, setting up the Westinghouse reactors as the leading technology in the global deployment of gigawatt-scale nuclear. After, we will open it up to your questions. Today's call will be approximately one hour, concluding at 9 a.m. Eastern Time. Our goal is to be open and transparent with our communication, and we want to respect everyone's time and conclude the call by 9 a.m. Therefore, should we not get to your questions during this call, or if you would like to get into detailed financial modeling questions about our results, we would be happy to respond to any follow-up inquiries. There are a few ways you can ...