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Highlights

Cameco Corporation
Highlights

(Unaudited)

        Three Months Ended  
        March 31/00 March 31/99  

Financial (in millions)              
  Revenue     $142   $147    
  Earnings from operations     21   22    
  Net earnings attributable to common shares     9   9    
  Cash provided by operations     50   34    
  Working capital (end of period)     424   350    
  Total debt to capitalization     17%   25%    
                 
Per common share              
  Earnings     $0.17   $0.15    
  Cash provided by operations     0.88   0.59    
  Dividend     0.125   0.125    
                 
  Weighted average number of paid common
      shares outstanding (in thousands)
    56,728   57,370    
                 
Average uranium spot price for the period (US$/lb)     $9.38   $10.52    
 
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.