- Cigar Lake is the world's highest grade uranium mine and is located in northern Saskatchewan, Canada.
- As the operator, Cameco developed an innovative jet-boring technique specifically for this challenging deposit.
- Commercial production began in May, 2015 with a total of 11.3 million pounds (100% basis) produced by the end of the year.
- Rampup to licensed capacity of 18 million pounds per year is expected in 2017.
- Cigar Lake's ore is processed 70 km northeast, at the McClean Lake mill, operated by AREVA.
Q3 2016 Update
Total packaged production from Cigar Lake was 6% higher in the third quarter, and 88% higher in the first nine months compared to the same periods last year. The year-over-year increase is the result of the scheduled rampup of the operation.
Cigar Lake Production
Cameco's Share (millions lbs)
|3 months ended
|9 months ended
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.