Production

Production

					Three Months Ended
Cameco Production			Cameco's Share		March 31/98				March 31/97
Uranium production (in thousands lbs U₃O₈)
	Key Lake		66.67%		2,211				2,081
	Rabbit Lake		66.67%		2,015				2,014
	Highland		100.00%	[note]	279				242
	Crow Butte		32.31%		58				62

	Total				4,563				4,399


Uranium conversion (tU)			100.00%		3,460				3,841

Gold (troy ounces)
	Contact Lake		66.67%		9,493				7,719
	Kumtor		33.33%		54,431				11,715

	Total				63,924				19,434

Note: Cameco's ownership percentage was 74.25% at March 31, 1997