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Highlights

Cameco Corporation
Highlights

(Unaudited)

  Three Months Ended Nine Months Ended
  Sept 30/02 Sept 30/01 Sept 30/02 Sept 30/01

Financial (in millions)        
  Revenue $158   $170   $477   $379  
  Earnings from operations 8   13   44   36  
  Net earnings attributable to common shares 7   15   24   28  
  Cash provided by operations 22   14   237   54  
  Working capital (end of period)         415   489  
  Net debt to capitalization         7%   16%  
                     
Per common share        
  Net earnings $0.12   $0.27   $0.43   $0.51  
  Cash provided by operations 0.40   0.25   4.24   0.97  
  Dividend 0.125   0.125   0.375   0.375  
 
  Weighted average number of paid common shares outstanding (in thousands) 55,845   55,447   55,756   55,374  
                   
Average uranium spot price for the period (US$/lb) $9.80   $9.11   $9.82   $8.54  
 
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.