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Cameco reports second positive COVID-19 case at Cigar Lake

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Cigar Lake uranium mine, Canada. Image credit: Cameco.

(Kitco News) - Cameco (NYSE: CCJ) (TSX: CCO) reported yesterday that an individual at its Cigar Lake uranium mine in Saskatchewan has tested positive for COVID-19. This individual has been in isolation since December 4.

The result is being sent for confirmation to the provincial lab and is classified as a presumptive positive.

Cameco is working with the Northern Population Health Unit and will follow their guidance with contact tracing already started.

This is the second positive case at Cigar Lake but they are unrelated.

Cigar Lake is the world's highest-grade uranium mine and is located in northern Saskatchewan, Canada.

Since commissioning in 2014, the site has produced a total of 82.9 million pounds (100% basis).  Commercial operation began in May 2015.

In September 2020, Cameco restarted the Cigar Lake mine after a temporary suspension as a precaution due to the COVID-19 pandemic.

Cameco is one of the largest global providers of the uranium fuel. Cameco controls the world’s largest high-grade uranium reserves and low-cost operations.

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