Production

Production

Cameco Production

			Cameco's Share		Three Months Ended				Nine Months Ended
			Cameco's Share		Sept. 30/97		Sept. 30/96		Sept. 30/97		Sept. 30/96

Uranium production ('000s lbs U3O8)
	Key Lake		66.67%		2,203		2,329		6,846		6,829
	Rabbit Lake		66.67%		2,146		1,899		6,263		5,617
	Highland		100.00%		435		-		1,170		-
	Crow Butte		32.31%		66		67		189		189

	Total Uranium				4,850		4,295		14,468		12,635

Uranium conversion (tU)			100.00%		2,160		1,218		9,059		6,795

Gold (troy ounces)
	Contact Lake		66.67%		9,172		9,333		25,157		30,522
	Kumtor pre-operating		33.33%		-		-		26,283		-
	Kumtor		33.33%		51,568		-		90,189		-

	Total Gold				60,740		9,333		141,629		30,522