Cameco Operations Not Interrupted by Saskatchewan Forest Fires

Cameco (TSX:CCO,NYSE:CCJ) reported that production at its McArthur River, Key Lake, Cigar Lake and Rabbit Lake uranium operations in the Athabasca Basin hasn’t been interrupted by forest fires in northern Saskatchewan. None of the company’s operations have been directly affected by the fires, but it has implemented additional safety measures in light of the situation.
As quoted in the press release:

Cameco has implemented additional measures to protect the health and safety of people and the environment at its facilities and is assisting northern communities in fighting the fires and supporting evacuees. None of Cameco’s operations are directly threatened by the fires which are concentrated in north central Saskatchewan.
Road closures and flight restrictions at northern airstrips are creating logistical challenges to keep the operations supplied with essential materials and staffed. About half of the workforce at Cameco’s Saskatchewan operations are residents of northern Saskatchewan and evacuations of workers and their families are creating additional challenges.

Click here to read the full press release.