Cigar Lake
- Cigar Lake is the world's highest grade uranium mine, is located in northern Saskatchewan, Canada and began commercial production in May 2015.
- As the operator, Cameco developed an innovative jet-boring technique specifically for this challenging deposit.
- Cigar Lake's ore is processed 70 km northeast, at the McClean Lake mill, operated by AREVA Resources.
Q2 2017 Update
Production
Total packaged production from Cigar Lake was 25% higher in the second quarter, and 12% higher in the first six months compared to the same periods last year. The year-over-year increase is the result of the scheduled rampup of the operation.
On June 29, the Canadian Nuclear Safety Commission approved a 10-year renewal of the operating licence for AREVA’s McClean Lake mill. The licence is valid until June 30, 2027.
Cigar Lake Production
Cameco's Share (million lbs)
| 3 months ended June 30 |
6 months ended June 30 |
|||||
|---|---|---|---|---|---|---|
| 2017 | 2016 | Change | 2017 | 2016 | Change | 2017 Plan |
| 2.5 | 2.0 | 25% | 4.8 | 4.3 | 12% | 9.0 |
Environment & Safety
Worker safety, protection of the environment and proper decommissioning after mining is completed, are of the utmost importance to Cameco.
Reserves & Resources
Our mineral reserves and resources are the foundation of our company and fundamental to our success.
Caution about forward-looking information relating to Cigar Lake
This discussion of our expectations for Cigar Lake, including our plans for 16 million packaged pounds (100%) in 2016, and full production of 18 million pounds (100%) in 2017, is forward-looking information that is based upon the assumptions and subject to the material risks discussed under the heading Caution about forward-looking information beginning on page 2 of our Q4 2015 MD&A.