Cameco Corporation (NYSE: CCJ), a major uranium producer, experienced a 5.03% stock price plummet in Friday's intraday trading session. This decline followed the company's financial results and earnings call for the full year 2024, which unveiled various challenges and risks facing the company.

Despite reporting strong financial performance in Q4 and full year 2024, with higher production levels, sales volumes, and realized prices, Cameco faced several headwinds that may have contributed to the stock's downward movement.

One key concern was the ongoing production issues at the Inkai operation in Kazakhstan, where supply chain challenges, particularly related to sulfuric acid deliveries, resulted in lower production than planned. This production disruption raised concerns about Cameco's ability to meet future demand and raised questions about the impact on the company's 2025 production plans.

Additionally, Cameco acknowledged the potential risks posed by U.S. tariffs on Canadian energy products, although the company has taken steps to mitigate potential impacts. However, the threat of tariffs adds uncertainty to the company's operations and could impact profitability if not adequately addressed.

Furthermore, Cameco experienced a decline in reported long-term contracting volumes in 2024, which remained below the replacement rate contracting level. This development raised concerns about the company's ability to secure new long-term contracts and maintain a stable revenue stream in the future.