Q3 2013 Update
Production was 33% higher in the third quarter and 5% lower for the first nine months compared to the same periods last year. This was a result of the timing of a scheduled mill maintenance shutdown and changes to the mill's operating schedule, which are specifically planned and managed throughout the year to ensure the most efficient operation of the mill. As a result, we regularly experience large variations in mill production from quarter to quarter, but remain on track to achieve our annual production target for 2013.
On October 29, 2013, the CNSC granted a renewal of our Rabbit Lake operating licence. The licence term is from November 1, 2013 to October 31, 2023.