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Production

      Cameco's   Three Months Ended   Nine Months Ended  
      Share   Sept 30/00   Sept 30/99   Sept 30/00 Sept 30/99  

Uranium production (in thousands lbs U3O8)                            
  Rabbit Lake   100.0%     1,348     1,334     5,268   4,636    
  Key Lake   83.3%     4     -     829   6,151    
  McArthur River   69.8%     2,040     -     3,882   -    
  Highland   100.0%     218     218     653   759    
  Crow Butte   100.0%     198     184     589   559    

  Total         3,808     1,736     11,221   12,105    

                                 
Uranium conversion (tU)  

100.00%

    455     1,385     5,934   7,770    
                                 
Gold (troy ounces)                              
  Kumtor   33.3%     60,515     49,887     156,494   146,756    

  Total         60,515     49,887     156,494   146,756