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Cameco

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Cameco is one of the largest global providers of uranium fuel, essential for a safe and secure energy future.

Investor website: https://www.cameco.com/

About

Cameco is one of the largest global providers of uranium fuel, essential for a safe and secure energy future. The company holds controlling ownership of the world’s largest high-grade reserves and operates low-cost operations. Cameco has significant investments across the nuclear fuel cycle, including interests in Westinghouse Electric Company and Global Laser Enrichment. The company is a major employer of Indigenous people in Canada and manages land holdings of approximately 1.8 million acres, primarily in northern Saskatchewan, where its head office is located.

Verified company data

Cash position
$1.2 billion
Shares outstanding
435,407,158
Mineral resource
Cameco has interests in tier-one mining and milling operations that have the licensed capacity to produce more than 30 million pounds (our share) of uranium concentrates annually, backed by more than 433 million pounds (our share) of proven and probable mineral reserves.
Projects
["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 174.5 million pounds (100% basis). Commercial operation began in May 2015. As the operator, Cameco developed an innovative jet-boring technique specifically for this challenging deposit. Cigar Lake's ore is processed 70 km northeast, at the McClean Lake mill, operated by Orano. Total packaged production from Cigar Lake was 2.9 million pounds (1.6 million pounds our share) in the second quarter of 2026 compared to 5.1 million pounds (2.8 million pounds our share) in the second quarter of 2025. In the first six months of the year, total packaged production from Cigar Lake was 7.9 million pounds (4.3 million pounds our share) compared to 10.1 million pounds (5.5 million pounds our share) in the first six months of 2025. The lower packaged production in 2026 was due to the timing of the annual maintenance outage, which occurred in the second quarter, compared to the third quarter in 2025. Subsequent to the quarter, Cigar Lake temporarily suspended production activities for two weeks due to operational challenges at Orano’s McClean Lake mill. The mine’s 2026 production outlook remains unchanged and we continue to expect production between 17.5 million to 18.0 million pounds of U3O8 (9.5 million to 10.0 million pounds our share) in 2026."]
Leadership
Tim Gitzel (Chief Executive Officer, Tim brings over 30 years of experience in the nuclear energy sector and has held various leadership roles at Cameco since 2011.), Grant Isaac (President and Chief Operating Officer), Lisa Aitken (Senior Vice-President and Chief Marketing Officer), Rachelle Girard (Senior Vice-President and Chief Corporate Officer), R. Liam Mooney (Senior Vice-President and Chief Legal Officer), Heidi Shockey (Senior Vice-President and Chief Financial Officer, Over 25 years of experience in financial management, with 18 years at Cameco, overseeing finance, tax, treasury, and risk.)

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