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.
Operation(As of December 31, 2016)
50% Cameco ownership
597 people employed, 51% are from northern Saskatchewan
Production(As of December 31, 2016)
Average grade of 15.9% U3O8
Licenced to 2021
8.7m lbs U3O8 Annual Production Trend (Cameco's Share)

Q3 2017 Update

Production

Total packaged production from Cigar Lake was 11% lower in the third quarter, and 5% higher in 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 as scheduled at the end of August. The year-over-year increase is the result of the scheduled rampup of the operation.

Cigar Lake Production

Cameco's Share (million lbs)

3 months ended
September 30
  9 months ended
September 30
   
2017 2016 Change 2017 2016 Change 2017 Plan
1.7 1.9 (11)% 6.5 6.2 5% 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 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.