- 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.
2018 Q2 Update
As a result of the decision to curtail production and defer all wellfield development at our US operations, there was no production in the second quarter. We have now effectively ceased production, which is expected to result in production of less than 100,000 pounds for the year. As long as production is suspended, we expect care and maintenance costs to range between $18 million (US) and $22 million (US) 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
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.