Cigar Lake

  • Cigar Lake is the world's highest grade uranium mine and is located in northern Saskatchewan, Canada.
  • Since commissioning in 2014, the site has produced a total of 46.9 million pounds (100% basis).  It began commercial operation 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.
Operation(As of December 31, 2017)
50% Cameco ownership
532 Cigar Lake Employees
Production(As of December 31, 2017)
Cigar Lake Average % Grade of U3O8 of 14.91
Licenced to 2021
Cigar Lake 2017 Production Trend

2018 Q3 Update

Production

Total packaged production from Cigar Lake was 12% lower in the third quarter and 2% higher for the first nine months compared to the same periods last year. Packaged production was lower in the third quarter due primarily to the planned summer shutdown for maintenance and vacation. The shutdown went as planned with the mine and mill returning to full production at the end of August. Production remains on track to meet forecast for the year.

Cigar Lake Production

Cameco's Share (million lbs)

3 months ended
September 30
  9 months ended
September 30
   
2018 2017 Change 2018 2017 Change 2018 Plan
1.5 1.7 (12)% 6.6 6.5 2% 9.0
 

See full Quarterly Report

Environment & Safety

Worker safety, protection of the environment and proper decommissioning after mining is completed, are of the utmost importance to Cameco.

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Reserves & Resources

Our mineral reserves and resources are the foundation of our company and fundamental to our success.

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Caution about forward-looking information

This page may contain forward-looking information that is based upon the assumptions and subject to the material risks discussed on page 2 of Cameco's most recent Quarterly MD&A.