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Highlights

Three Months Ended
March 31/97 March 31/96

Financial (In millions) (Unaudited)
Revenue $114 $107
Earnings from operations 27 23
Net earnings 14 22
Cash from operations (14) (7)
Working capital (end of period) 293 266
Capital employed (end of period) 1,940 1,604
Long-term debt (% of capital employed) 20.5% 13.1%
 
Per common share
Net earnings $0.27 $0.42
Cash from operations (0.27) (0.13)
Dividend 0.125 0.125
 
Weighted average number of paid common shares outstanding ('000s) 53,032 52,618
 
Average uranium spot price for the period (US$/lb) $13.77 $14.49

Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.