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 105 million pounds (100% basis). Commercial operation began 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 Orano.
2023 Q1 Update
Production
Cigar Lake Production
Cameco's Share (million lbs)
| Three months ended March 31, 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | Change | 2023 Plan |
| 2.1 | 1.9 | 11% | 9.8 |
Total packaged production from Cigar Lake was 3.8 million pounds (2.1 million pounds our share) compared to 3.7 million pounds (1.9 million pounds our share) in the first quarter of 2022. Our share of production was higher in the first quarter of 2023 compared to the same period in 2022 primarily due to an increase in our ownership interest from 50.025% to 54.547%, which took effect on May 19, 2022.
In 2023 and 2024, we expect to produce 18.0 million pounds (approximately 9.8 million pounds our share) at Cigar Lake.
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
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.