Rabbit Lake mine, Canada

An underground operation located in Saskatoon, in Canada.

Could Cameco team up with Rio to jointly buy Hathor?

Cameco CEO Tim Gitzel took a chance in trying to bag uranium junior Hathor for a song in August, only for Rio Tinto to spoil the party on Wednesday when it came in with an 11% higher C$578-million bid. The show, however, is not over yet, with the...

Cameco's Gitzel tells Hathor investors to tender amidst market uncertainty

Saskatoon-based Cameco Corp, which in August made a hostile C$520-million bid for junior Hathor Exploration, said on Friday no alternative bidders had emerged and shareholders in the target company should tender to it offer. “The lack of any...

Cameco plans to process Cigar Lake ore at Areva mill

Number-one uranium producer Cameco late on Wednesday said had reached an early agreement to process the ore it plans to mine at the Cigar Lake operation in Saskatchewan at the nearby McLean Lake mill, which France’s Areva owns. Doing so would...

This Halloween, trick or treat for Hathor boss Mike Gunning?

Halloween’s got a big red circle around it in Hathor Exploration CEO Mike Gunning’s diary this year. It’s the day after the expiry of Cameco’s unfriendly C$520-million offer for his company, which has already received a frosty reception...

Cameco makes hostile bid for Hathor official

Cameco Corp commenced its C$520 million ($531 million) hostile bid for Hathor Exploration on Tuesday, as Canada's top uranium producer looks to expand its output in the Athabasca basin. Cameco said on Friday that it was planning the hostile bid...

Cameco's $520m Hathor bid could spur uranium takeover frenzy - analysts

Uranium giant Cameco’s C$520-million hostile offer for Canada’s Hathor Exploration, which owns a high-grade deposit in Saskatchewan, could spark a new wave of merger and acquisition activity in the sector, analysts said on Friday. In fact,...

Hathor wins mineral leases for Roughrider uranium project

Uranium junior Hathor, which graduated to the TSX main board on Tuesday, has received three mineral leases for its Roughrider project in Saskatchewan. The Saskatchewan Ministry of Energy and Resources will need to convert the mineral leases into...

Cameco Q4 profit slumps, but FY earnings still up 8%

The net earnings of Canada-based Cameco fell by almost 50% in the fourth-quarter, the world’s largest uranium miner reported late on Friday. Cameco reported fourth-quarter net earnings of C$31-million, compared with $61-million in the same...

Cigar Lake on track, ready for dewatering - Cameco

The world's biggest uranium producer, Cameco, has submitted all the necessary documents to the Canadian Nuclear Safety Commission, and is now awaiting the go ahead to begin pumping water out of the giant Cigar Lake project, in Saskatchewan....

Rabbit Lake mine, Canada

The Rabbit Lake mine is situated 700 km north of Saskatoon, Saskatchewan, Canada.

Operations resume at Rabbit Lake uranium mine

The world's biggest uranium-miner, Cameco Corporation, has resumed normal mining activities ahead of schedule at its Rabbit Lake mine, in Saskatchewan, Canada, the company said on Wednesday.