- 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.
Q1 2017 Update
The Rabbit Lake operation is in a safe state of care and maintenance; there was no production in the first 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.
Environment & Safety
Worker safety, environmental monitoring and proper decommissioning after project completion 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
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.