Cigar Lake Passes Production Milestone

Cameco (TSX:CCO, NYSE:CCJ) announced that production from the Cigar Lake mine in northern Saskatchewan has surpassed 10 million pounds of uranium concentrate. Cigar Lake is partially owned by Cameco, AREVA Resources, Idemitsu Canada and TEPCO Resources, and operated by Cameco.
According to the company’s press release:

The initial 2015 production target range for Cigar Lake was achieved during the third quarter. Cameco will report the full 2015 production for Cigar Lake in its fourth quarter results on February 5, 2016.

Click here to view the full press release.