Cameco Issues Statement On Rabbit Lake
Cameco (NYSE CCJ) announced that it will scale back operations for a week at its Rabbit Lake mine due to increased water flow.
"Cameco Corporation announced today that underground activities at the Eagle Point mine at the Rabbit Lake operation have been temporarily reduced as a precautionary measure," Cameco stated in a press release.
Capacity of water-handling equipment at the Saskatoon, Canada mine had been reduced due to an equipment upgrade.
"Limited mining activity will continue and the mill continues to operate with a small amount of stockpiled ore. This mine has encountered similar situations in the past and dealt with them successfully," it said.
