Cameco publishes McArthur River operations technical report effective September 30, 2026
CCJ•CCJ•CCJ•CCJ•Cameco’s report estimates attributable uranium reserves of 241.4 million pounds and a remaining mine life of 17 years. It projects annual production of 22 million pounds by 2030, average operating costs of CAD 24.03 per pound and pretax net present value of CAD 5.86 billion at an 8% discount rate.
Cameco’s McArthur River operations technical report, effective September 30, 2026, estimates attributable uranium reserves of 241.4 million pounds. Production is projected to reach 22 million pounds annually by 2030, supporting an estimated remaining mine life of 17 years.
Average operating costs are estimated at CAD 24.03 per pound, up from CAD 14.97 in the 2018 technical report. Attributable remaining life-of-mine capital costs are estimated at CAD 1.47 billion, compared with CAD 658 million previously, reflecting inflation and expanded production flexibility. The report estimates pretax net present value of CAD 5.86 billion at an 8% discount rate and a pretax internal rate of return of 11.9%.
