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Highlights

Cameco Corporation
Highlights

(Unaudited)

    Three Months Ended  
    March 31/02 March 31/01  
           
Financial (in millions)          
  Revenue $124   $70    
  Earnings from operations 11   3    
  Net earnings attributable to common shares 5   1    
  Cash provided by operations 134   28    
  Working capital (end of period) 396   416    
  Net debt to capitalization 10%   12%    
             
Per common share          
  Earnings $0.09   $0.01    
  Cash provided by operations 2.42   0.50    
  Dividend 0.125   0.125    
             
  Weighted average number of paid common
      shares outstanding (in thousands)
55,603   55,298    
             
Average uranium spot price for the period (US$/lb) $9.79   $7.72    
 
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.