Daily Mining Update — August 1, 2026
Selected mining and natural-resource headlines and company updates from the last ~24–48 hours, with a focus on publicly listed issuers and material operational, exploration, and financing developments.
Cameco: Cigar Lake resumes production after temporary suspension
- Cameco said its Cigar Lake uranium mine (northern Saskatchewan) has resumed production following a temporary suspension tied to operational challenges at Orano’s McClean Lake mill. (Cameco)
- The company said the McClean Lake mill has resumed operations, Cigar Lake has begun shipping stockpiled ore, and mine production has restarted. (Cameco)
- Cameco added its 2026 production outlook range for Cigar Lake was not impacted and remains 17.5–18.0 million pounds U3O8 (100% basis). (Cameco)
Globex Mining: exploration highlights from option and royalty partners
- Globex reported a round-up of drill and channel-sample highlights reported by option/royalty partners, including antimony and gold intervals (as stated in the company’s release). (Yahoo Finance (Globex release))
Puma Exploration: inaugural drilling at McKenzie (RIM Gold Zone) confirms high-grade gold system
- Puma Exploration reported assay results from its inaugural 2,721 m diamond drilling program at the RIM Gold Zone (McKenzie Gold Project, northern New Brunswick). (Newsfile)
- The company highlighted individual quartz-vein samples with visible gold, including 42.60 g/t Au over 0.25 m and 21.86 g/t Au over 0.30 m, within broader lower-grade envelopes. (Newsfile)
Eastport Critical Metals: Phase One drilling confirms thick copper mineralization at Matsitama (Botswana)
- Eastport Critical Metals reported first assay results from Phase One infill drilling at the NAK-Main zone (Nakalakwana deposit) at its Matsitama Copper Project in northeast Botswana. (Newsfile)
- The company reported multiple copper-mineralized intervals exceeding 100 m in downhole length, including 137.1 m @ 2,346 ppm Cu (from 80.3 m) in hole NAKDD25-003 and 109.6 m @ 3,002 ppm Cu (from 16.0 m) in hole NAKDD25-007 (as stated). (Newsfile)
West Point Gold: new drill results from the Gold Chain Project (Arizona)
- West Point Gold reported drill results from its Gold Chain Project in Arizona, including an RC hole (GC26-168) with 56.4 m of 4.24 g/t Au from 242.3 m, including 28.9 m of 7.77 g/t Au. (West Point Gold)
- The company also cited results from core hole GC26-161: 68.2 m of 2.20 g/t Au from 210.5 m, including 34.3 m of 3.57 g/t Au (as stated). (West Point Gold)
Disclaimer: This article is for informational purposes only and is not financial advice.
Note: Intervals and grades are presented as reported by the respective companies and news services; readers should consult original disclosures for full context (including QA/QC, true widths, and relevant technical assumptions).
