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Highlights

Cameco Corporation
Highlights

(Unaudited)

  Three Months Ended Six Months Ended
  June 30/02 June 30/01 June 30/02 June 30/01

Financial (in millions)        
  Revenue $195   $138   $319   $209  
  Earnings from operations 26   19   37   23  
  Net earnings attributable to common shares 12   12   17   13  
  Cash provided by operations 80   12   214   40  
  Working capital (end of period)         429   475  
  Net debt to capitalization         7%   16%  
                     
Per common share        
  Net earnings $0.22   $0.22   $0.31   $0.23  
  Cash provided by operations 1.44   0.22   3.85   0.72  
  Dividend 0.125   0.125   0.250   0.250  
 
  Weighted average number of paid common shares outstanding (in thousands) 55,818   55,374   55,711   55,336  
                   
Average uranium spot price for the period (US$/lb) $9.88   $8.79   $9.83   $8.26  
 
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.