Production at Cigar Lake uranium mine to resume after wildfire evacuation

Production at Cigar Lake uranium mine to resume after wildfire evacuation

Operations at the Cigar Lake uranium mine in northern Saskatchewan are set to resume later this week after much of its workforce was evacuated due to a nearby wildfire.

The Cameco Corporation announced in a news release on Sunday that the nearly 230 employees and contractors who were evacuated on Thursday are being transported back to the mine.

The workers were moved as a safety precaution due to the proximity of the Briggs wildfire.

Only about 80 people remained at the facility to keep it in a safe state.As of Friday, the fire had moved past the facility "without serious impact to the site," according to Cameco,Now, the company says consultations with the Saskatchewan Public Safety Agency have helped them determine that the risk to the facility from the fire has now subsided.The mine could resume operations in the coming days.The Briggs fire remains uncontained and measured more than 22,000 hectares on […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet