TSX:CCOOil and Gas
Cameco (TSX:CCO) Pauses Cigar Lake Mining, Is It Still Below Fair Value?
Cigar Lake suspension puts Cameco’s operations in focus
Cameco (TSX:CCO) has temporarily halted mining at its Cigar Lake uranium mine after operational challenges at Orano’s McClean Lake mill sulfuric acid plant disrupted ore processing for the site.
The pause, expected to last about two weeks, is described as precautionary because Cigar Lake has limited ore storage capacity, and milling cannot proceed without sufficient sulfuric acid supply.
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