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Production

      Cameco's   Three Months Ended   Six Months Ended  
      Share   June 30/00   June 30/99   June 30/00 June 30/99  

Uranium production (in thousands lbs U3O8)                            
  Rabbit Lake   100.0%     2,144     1,850     3,920   3,302    
  Key Lake   83.3%     273     3,130     825   6,149    
  McArthur River   69.8%     1,474     -     1,842   -    
  Highland   100.0%     219     236     435   541    
  Crow Butte   100.0%     181     195     391   375    

  Total         4,291     5,411     7,413   10,367    

                                 
Uranium conversion (tU)  

100.00%

    1,958     2,785     5,479   6,384    
                                 
Gold (troy ounces)                              
  Kumtor   33.3%     56,035     47,996     95,979   96,777    

  Total         56,035     47,996     95,979   96,777