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Production

          Three Months Ended
Cameco Production
  Cameco's
Share
March 31/99   March 31/98

Uranium production (in thousands lbs U3O8)              
  Key Lake   100.0%   3,624     3,317  
  Rabbit Lake   100.0%   1,452     3,023  
  Highland   100.0%   305     279  
  Crow Butte   90.0%   180     162  

  Total       5,561     6,781  

                   
Uranium conversion (tU)   100.0%   3,599     3,460  
                   
Gold (troy ounces)                
  Contact Lake   100.0%   -     14,240  
  Kumtor   33.3%   48,781     54,431  

  Total       48,781     68,671