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Production

      Cameco's   Three Months Ended   Nine Months Ended
      Share   Sept 30/02
  Sept 30/01   Sept 30/02 Sept 30/01

Uranium production
(in thousands lbs U3O8)
                         
  McArthur River   69.8%     3,614     3,054     10,456   9,055  
  Rabbit Lake   100.0%     208     -     208   4,563  
  Key Lake   83.3%     77     207     190   493  
  Crow Butte   100.0%     188     212     567   626  
  Highland/Smith Ranch   100.0%     305     171     542   527  

  Total         4,392     3,644     11,963   15,264  

                           
Uranium conversion (tU)   100.0%     2,067     756     8,674   7,294  
                             
Gold (troy ounces)                          
  Kumtor   33.3%     31,641     64,429     128,784   191,708