- In the second quarter of 2016, Cameco made the decision to curtail production and defer all wellfield development at our US operations.
- Smith Ranch-Highland opened in 1975 and has produced 23 million lbs of uranium through the in situ recovery mining method.
At Smith Ranch-Highland, 2017 production was 67% lower than in 2016 due to the decision to curtail production in 2016.
The Nuclear Regulatory Commission licence renewal for Smith Ranch - Highland continues.
Smith Ranch-Highland Production
Cameco's Share (million lbs)
|3 months ended
|2017||2016||2017||2016||2017 Plan||2018 Plan|
- 1We are no longer developing new wellfields at Crow Butte and Smith Ranch-Highland.
As a result of our decision to defer all wellfield development at the US operations, production will cease in 2018, which is expected to result in production of less than 100,000 pounds.
During the fourth quarter, we recorded a $184 million write down of our US assets. Due to the continued weakening of the uranium market and the reduction in mineral reserves, we concluded that it was appropriate to recognize an impairment charge for these assets.
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
This page may contain forward-looking information that is based upon the assumptions and subject to the material risks discussed on page 2 of Cameco's most recent Quarterly MD&A.