• Cameco, Kazatomprom release 2025 production figures The world’s two largest uranium producers have released their production figures for 2025 and guidance for 2026 • Cameco had revised its 2025 production downwards at the end of August, anticipating knock-on effects from delays in developing new mining areas at McArthur River in the earlier part of the year • The company’s total 2025 production of 21 • 0 million pounds U3O8 (8078 tU) (Cameco’s share) exceeded the revised consolidated annual production guidance of up to 20 million pounds, but was 10% less than 2024’s production of 23 • Cigar Lake’s production of 19 • 1 million pounds (100% basis) was 1

Article Summaries:

  • Cameco had revised its 2025 production downwards at the end of August, anticipating knock-on effects from delays in developing new mining areas at McArthur River in the earlier part of the year. The company’s total 2025 production of 21.0 million pounds U3O8 (8078 tU) (Cameco’s share) exceeded the revised consolidated annual production guidance of up to 20 million pounds, but was 10% less than 2024’s production of 23.4 million pounds. Cigar Lake’s production of 19.1 million pounds (100% basis) was 1.1 million pounds more than anticipated, while production at McArthur River/Key Lake of 15.1 mil

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