| Cameco Restricts Underground Mining Activities at the Rabbit Lake Operation | |
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Saskatoon, Saskatchewan, Canada, December 17, 2015
Cameco (TSX: CCO; NYSE: CCJ) announced today that underground mining activities have been restricted at the Rabbit Lake operation in northern Saskatchewan.
After reopening an inactive area of the Eagle Point mine, a fall of rock was discovered in a tunnel. No groundwater inflow to the mine has been observed in the affected area.
As a precautionary measure, 40 non-essential personnel were removed from the mine and activities were restricted to ensure the safety of mine workers while the condition of the affected area is assessed. There were no injuries and no effect on the environment.
Production mining at Eagle Point has been temporarily suspended while the assessment is completed. The Rabbit Lake mill continues to operate as usual.
The Rabbit Lake operation is expected to meet its 2015 production target of 3.9 million pounds of uranium concentrate (UO) by processing ore that was mined previously and transported to the surface.
The Canadian Nuclear Safety Commission and Saskatchewan Mines Inspector have been notified. Further information will be provided once the assessment is complete.
Currently about 600 Cameco employees and contractors work at the Rabbit Lake operation.
Profile
Cameco is one of the world's largest uranium producers, a significant supplier of conversion services and one of two Candu fuel manufacturers in Canada. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations. Our uranium products are used to generate clean electricity in nuclear power plants around the world. We also explore for uranium in the Americas, Australia and Asia. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.
Investor inquiries:
Rachelle Girard
(306) 956-6403
Media inquiries:
Rob Gereghty
306) 956-6190
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Cameco Corporation
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PRODUCTEUR |
CODE : CCO.TO |
ISIN : CA13321L1085 |
CUSIP : 13321L108 |
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Cameco est une société de production minière d'uranium basée au Canada. Cameco est productrice d'uranium, de cobalt, de cuivre, de nickel et de zinc au Canada, au Kazakhstan et en Finlande, en développement de projets d'uranium au Canada et en Australie, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont RABBIT LAKE, KEY LAKE, SMITH RANCH, CROW BUTTE, MCARTHUR RIVER (SASKATCHEWAN), MC ARTHUR RIVER et MCARTHUR RIVER MINE au Canada, INKAI et HIGHLAND au Kazakhstan et TALVIVAARA en Finlande, ses principaux projets en développement sont CIGAR LAKE et MILLENNIUM au Canada et KINTYRE en Australie et ses principaux projets en exploration sont EAGLE POINT, DAWN LAKE, SMART LAKE, BOOMERANG et DAWSON au Canada. Cameco est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 25,7 milliards CA$ (18,7 milliards US$, 17,6 milliards €). La valeur de son action a atteint son plus bas niveau récent le 26 décembre 2003 à 10,02 CA$, et son plus haut niveau récent le 22 avril 2024 à 64,81 CA$. Cameco possède 395 792 522 actions en circulation. |