Cigar Lake
Project information
As at 31 December 2025
Description
As at 31 December 2025
World's highest-grade uranium mine; Cameco is 54.547% owner and operator. Mined by jet boring; ore is processed at the McClean Lake mill. Licence term through June 2031; estimated mine life to 2036. 2025 production of 19.1 Mlb (100%) exceeded annual expectations by 1.1 Mlb, offsetting the McArthur River/Key Lake shortfall. Annual maintenance shutdown planned for Q2 2026. Estimated decommissioning cost $76.5M (100% basis). NI 43-101 technical report effective December 31, 2023.
Mining metrics
As at 31 December 2025 · exclusive
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Reserves & resources — detail
As at 31 December 2025
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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