Adding for the ddIf you believe uranium is needed to produce a clean energy then cco is the place to be. We could see more consolidation in the industry before the run up but the real producer will have the edge. It is a matter of when, i wish i would have the answer. No one has it. Dyodd
better to get in now at bottom of the last 5 years.
Cameco accounts for approximately 18 percent of global uranium production from its mines in Canada, the US and Kazakhstan. In the US, there is the Smith Ranch-Highland mine in Wyoming’s Powder River basin and the Crow Butte mine in Nebraska. In Canada, the company has 69.8-percent ownership of the world’s largest uranium mine, McArthur River, and a 50-percent stake in the world’s second-largest high-grade uranium deposit, Cigar Lake, in the Athabasca Basin.
Total uranium production for 2015 was 14,200 tonnes, a 22 percent increase from the previous year. The McArthur River is allegedly the world’s largest high-grade uranium mine while the Key Lake is the largest uranium mill.
Between 2000 and 2015, Cameco’s total production from the McArthur River/Key Lake totals roughly 291.1 million pounds with 234.9 million pounds of estimated reserves. In 2015, production at Cigar Lake was 5.7 million pounds. Cameco has a licensed capacity of 9 million pounds per year (a 50 percent interest of 18 million pounds).
Cameco also holds a 60-percent interest in the Inkai ISR mine in Kazakhstan, with the remaining 40 percent owned by Kazatomprom. In 2015, total production was 5.8 million pounds, with Cameco’s shares being 3.4 million pounds. The mine’s production was 17 percent higher than it was in 2014.