uranium miners rally on cigar lake production, page-22

From Financial Post:

"For the uranium industry, Cigar Lake is a game-changer. It is expected to churn out 18 million pounds of uranium a year once ramped up to full production, making it the second largest high-grade uranium mine in the world after Cameco’s flagship McArthur River mine. The uranium market is over-supplied right now, but Cameco is confident that Cigar Lake will be needed in the future as China and other companies build more nuclear reactors."

Personally, I'm not too concerned about the added supply this year. I'm sure Cigar Lake will have its fair share of problems during the commissioning phase. The Japanese summer is coming way before Cameco iron out even a quarter of what would be expected for this type of mine.

I take the point that some posters say this is not good news for PDN, but there are other mines that will come offline in the medium term as well.