- In the second quarter of 2016, Cameco made the decision to curtail production and defer all wellfield development at our US operations.
- Crow Butte was the first uranium mine in Nebraska - discovered in 1980 and began production in 1991.
- Crow Butte has used the in situ recovery mining method to extract about 11.8 million pounds of uranium.
2018 Q3 Update
US ISR Operations
As a result of the decision to curtail production and defer all wellfield development at our US operations, there was no production in the third quarter. We have now effectively ceased production, which is expected to result in production of about 100,000 pounds for the year. As long as production is suspended, we expect ongoing cash and non-cash care and maintenance costs to range between $11 million (US) and $13 million (US) annually for the first few years (previously $18 million (US) and $22 million (US) which reflected care and maintenance costs prior to full cessation of production).
On September 30, the Nuclear Regulatory Commission approved a 10-year renewal of the operating licence for Smith Ranch-Highland. The licence is valid until September 30, 2028.
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.