Canadian uranium supplier Cameco said development delays in transitioning the McArthur River mine in Saskatchewan to new mining areas are expected to impact its 2025 production forecast.

In a 28 August production update the company cited risks including development delays and the expected timing of ground freezing as the mine transitions into two new mining areas.

Additionally, challenges related to access to skilled labour and the timing of commissioning new customized equipment are also potential risks.

But the company said strong performance at the Cigar Lake mine provides an opportunity to partially offset the deferred McArthur River production.