Cigar Lake

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Cigar Lake ore processing
  • Cigar Lake is the world's highest grade uranium mine and is located in northern Saskatchewan, Canada.
  • Since commissioning in 2014, the site has produced a total of 105 million pounds (100% basis).  Commercial operation began in May 2015.
  • As the operator, Cameco developed an innovative jet-boring technique specifically for this challenging deposit.
  • Cigar Lake's ore is processed 70 km northeast, at the McClean Lake mill, operated by Orano.

Operation

(As of December 31, 2023)
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Cameco ownership 54.5%
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570 people employed (including contractors) | 45.4% are from northern Saskatchewan

Production

(As of December 31, 2023)
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17.03% U3 08 Average Grade
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Proven & probable reserves infographic
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Licenced to 2031
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Annual production trend (Cameco's share)

2023 Q2 Update

Production

Cigar Lake Production 
Cameco's Share (million lbs)

Three months ended June 30, 2024Six months ended June 30, 2024 
20242023Change20242023Change2024 Plan
2.92.138%5.14.221%9.8

 

Total packaged production from Cigar Lake was 5.3 million pounds (2.9 million pounds our share) in the second quarter of 2024 compared to 3.8 million pounds (2.1 million pounds our share) in the second quarter of 2023, when quarterly production was lower while transitioning to a new mining area. Our share of production in the first six months of 2024 was 5.1  million pounds compared to 4.2 million pounds in the same period in 2023 for the same reason. 

We continue to expect 18.0 million pounds (9.8 million pounds our share) in 2024.
 

See full Quarterly Report

Environment & Safety

Worker safety, protection of the environment and proper decommissioning after mining is completed, 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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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.

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