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Uranium Price
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Production

      Cameco's   Three Months Ended   Year Ended
      Share   Dec 31/02
  Dec 31/01   Dec 31/02 Dec 31/01

Uranium production
(in thousands lbs U3O8)
                         
  McArthur River   69.8%     2,449     2,993     12,905   12,048  
  Rabbit Lake   100.0%     935     -     1,143   4,563  
  Key Lake   83.3%     -     155     190   648  
  Crow Butte   100.0%     201     189     768   815  
  Smith Ranch/Highland   100.0%     345     168     887   695  

  Total         3,930     3,505     15,893   18,769  

                           
Uranium conversion (tU)   100.0%     3,754     3,664     12,428   10,958  
                           
Gold (troy ounces)                        
  Kumtor   33.3%     47,399     59,199     176,183   250,907