Cameco Announces Filing of a Technical Report for the Inkai Operation
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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Source: Marketwire
SASKATOON, SASKATCHEWAN -- (Marketwired) -- 01/25/18 -- ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED) Cameco (TSX:CCO) (NYSE:CCJ) announced today that it filed a technical report under Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects titled "Inkai Operation, South Kazakhstan Oblast, Republic of Kazakhstan." The technical report is dated January 25, 2018, with an effective date of January 1, 2018. As outlined in the technical report, Joint Venture Inkai LLP's (JV Inkai) 2017 production was 5.5 million pounds U3O8 (Cameco's share 3.2 million pounds) and 2018 forecast production is 6.9 million pounds U3O8 (Cameco's share 3.4 million pounds). JV Inkai has the right to increase production to 10.4 million pounds U3O8 per year, subject to market conditions and the terms of the Resource Use Contract, with a projected mine life extending to mid-2045. Updated details on planned production, an
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