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Production

          Three Months Ended
  Cameco's
Share
  March 31/00   March 31/99

Uranium production (in thousands lbs U3O8)        
  Rabbit Lake 100.0%     1,776     1,452  
  Key Lake 83.3%     552     3,008  
  McArthur River 69.8%     368     -      
  Highland 100.0%     216     305  
  Crow Butte 100.0%     210     180  

  Total       3,122     4,945  

                   
Uranium conversion (tU) 100.0%     3,521     3,599  
                   
Gold (troy ounces)                
  Kumtor 33.3%     39,944     48,781  

Note: Crow Butte production for 1999 is reflected at 90%