Cameco’s John T. Ryan National Safety Trophy. Photo courtesy Twitter, @SaskMiningAssoc
One of Cameco’s high-performing mines is receiving a national safety award for the third year in a row.
At a ceremony in Vancouver on Monday, the Canadian Institute of Mining handed John T. Ryan National Safety Trophy to Cameco for its work at McArthur River.
McArthur River is responsible for nearly half of Cameco’s total annual uranium production, and has been in that position each of the five years total that it’s won the award.
In a video posted on Tuesday, CEO Tim Gitzel congratulates the team.
“We are very, very proud of the team up there and the work they’ve done. I think they’ve worked last year, 2015, about 1.86 million hours without a lost-time accident,” he said.
In last week’s Quarter 1 financials, the company announced it will reduce its annual production at McArthur by 2 million pounds below its original production forecast due to the current oversupply of uranium on the market.
McArthur River is one of Cameco’s lowest-cost highest production uranium sites, but Cigar Lake has been the biggest production success story for the company over the past year, blowing its production target for 2015 out of the water.