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Highlights

Cameco Corporation
Highlights

(Unaudited)

  (Restated)  
  Three Months Ended Year Ended  
  Dec 31/03   Dec 31/02   Dec 31/03   Dec 31/02  
  
Financial (in millions)  
  Revenue $272 $271 $827 $748  
  Earnings from operations 50 44 88 84  
  Net earnings attributable to common shares 30 22 205 44  
  Cash provided by operations 76 14 246 251  
  Working capital (end of period) 480 479  
  Net debt to capitalization 7% 8%  
   
Per common share  
  Net earnings - Basic $0.53 $0.40 $3.65 $0.78  
                    - Diluted 0.52 0.40 3.58 0.78  
  Dividend 0.15 0.125 0.60 0.50  
   
  Weighted average number of paid common  
  shares outstanding (in thousands) 56,451 55,854 56,120 55,781  
   
Average uranium spot price for the period (US$/lb) $13.62 $9.95 $11.54 $9.86  
   
Sales volumes  
  Uranium (in thousands lbs U3O8) 11,116 11,334 35,412 31,861  
  Uranium conversion (tU) 5,446 5,268 16,747 15,276  
  Gold (troy ounces) 76,466 41,865 234,864 174,394  
  Electricity (TWh) 1.9 0.8 7.2 3.1  
   
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.