Cigar Lake

  • 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.
Operation
50% Cameco ownership
Production
Licenced to 2021

Q3 2016 Update

Production

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
September 30
9 months ended
September 30
 
2016 2015 Change 2016 2015 Change 2016 Plan
1.9 1.8 6% 6.2 3.3 88% 8.0
 

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.