Rabbit Lake

  • Opening in 1975, Rabbit Lake was the longest operating uranium mine in North America.
  • Over 41 years of mining, the operation produced more than 203 million pounds of uranium concentrates.
  • Rabbit Lake was transitioned into safe care and maintenance in the second quarter of 2016.
Operation(As of December 31, 2022)

2023 Q2 Update

Rabbit Lake remains in a safe state of care and maintenance following the suspension of production in 2016. We continue to evaluate opportunities to minimize care and maintenance costs and expect these costs to range between $27 million and $32 million for 2023.

The current operating licence from the CNSC for Rabbit Lake expires in October 2023. A licensing hearing was held by the CNSC in June 2023, and we expect its decision later in 2023.

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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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  • Rabbit Lake opened in 1975 and was the longest operating uranium facility in North America up to its production suspension in the second quarter of 2016. 
  • Ore from the Eagle Point underground mine was processed at Rabbit Lake. Access to underground mine was through a ramp that wound down to the many levels of the mine. 
  • Drilling an underground drift at Eagle Point.  

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.