Rabbit Lake

  • Prolonged weakness in market conditions required the suspension of production at our Rabbit Lake operation in the second quarter of 2016 and the facility has transitioned into care and maintenance.
  • Rabbit Lake produced more than 203 million pounds of uranium concentrates since beginning production in 1975.

Operation(As of December 31, 2016)
100% Cameco ownership
Licenced to 2023
Production(As of December 31, 2016)
Longest operating Uranium mine in North America, opened in 1975
203.3 m lbs U3O8 produced since 1975

Q2 2017 Update

Production Curtailment

The Rabbit Lake operation is in a safe state of care and maintenance; there was no production in the second quarter of 2017.

We are continually weighing the value of maintaining the operation in standby, against the cost of doing so. However, as long as production is suspended, we expect care and maintenance costs to range between $35 million and $40 million annually for the first few years.

Rabbit Lake Production

Cameco's Share (million lbs)

  3 months ended
June 30
  6 months ended
June 30
 
2017 2016 Change 2017 2016 Change 2017 Plan
-- 0.7 (100)% -- 1.1 (100)% --

See full Quarterly Report

Environment & Safety

Worker safety, environmental monitoring and proper decommissioning after project completion 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

Please click here for additional information about the assumptions applied in making the forward-looking statements on this page and the factors that could cause results to differ materially.