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Highlights

Cameco Corporation
Highlights

(Unaudited)

    Three Months Ended  
    March 31/01 March 31/00  
           
Financial (in millions)          
  Revenue $70   $142    
  Earnings from operations 3   21    
  Net earnings attributable to common shares 1   9    
  Cash provided by operations 28   52    
  Working capital (end of period) 416   424    
  Net debt to capitalization 12%   16%    
             
Per common share          
  Earnings $0.01   $0.17    
  Cash provided by operations 0.50   0.92    
  Dividend 0.125   0.125    
             
  Weighted average number of paid common
      shares outstanding (in thousands)
55,298   56,728    
             
Average uranium spot price for the period (US$/lb) $7.72   $9.38    
 
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.