Cameco (TSX:CCO) has provided market updates as flooding in northern Saskatchewan impacts the company’s operations.
The company notes that while its sites in northern Saskatchewan have not been directly impacted by flooding, the water has caused the Smoothstone River Bridge, one of its primary transport routes, to collapse. There are currently also restrictions in place for use of alternate roadways.
Cameco says that it is in communication with the Saskatchewan Ministry of Highways and is working with its various sites to minimise delivery disruptions.
It has also temporarily stopped production at the Key Lake mill and reduced activity at the McArthur River mine until the delivery of key operating materials resumes.
The company has continued operations at the Cigar Lake mine, with the overall consolidated annual production plan remaining unchanged.
However, it notes that depending on how long these restrictions last, there is a risk that the production outlook for 2026 for McArthur River and Key Lake may be impacted.
Cameco is a global provider of uranium, with most of the company’s existing operations in northern Saskatchewan, Canada.
Write to Amy Rotman at Mining.com.au
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