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Cameco (TSX: CCO; NYSE: CCJ) provided an operational update for its northern Saskatchewan sites, citing flooding in the region that is impacting road access. The company said its northern Saskatchewan operations are not directly affected by floodwaters, but the collapse of the Smoothstone River Bridge has disrupted the primary supply route used to transport materials to the McArthur River and Key Lake sites.
Cameco said flooding caused the collapse of the Smoothstone River Bridge, which is on the primary route for delivering supplies to the McArthur River and Key Lake operations. The company noted that restrictions are in place on the use of an alternative roadway.
Cameco said it is in regular contact with the Saskatchewan Ministry of Highways and is working with its sites to minimize delivery disruptions. As a result, the company temporarily halted production activities at the Key Lake mill and reduced activity at the McArthur River mine.
The company added that the timeline for resuming normal deliveries of critical operating materials is currently unknown.
At present, Cameco said the Cigar Lake mine continues to operate, and its consolidated annual production plan remains unchanged.
Cameco said that depending on how long road restrictions remain in place and its ability to deliver critical operating materials, there is a risk that its 2026 production outlook for the McArthur River/Key Lake operation could be impacted.
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