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Highlights

Cameco Corporation
Highlights
(Unaudited)

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  Three Months Ended Nine Months Ended
  Sept 30/05 Sept 30/04 Sept 30/05 Sept 30/04
Financial (in millions)
  Revenue $287 $313 $790  $688 
  Earnings from operations 14 32 66  80 
  Net earnings 78 52 136  242 
  Cash provided by operations 148 140 186  169 
  Working capital (end of period) 561  594 
  Net debt to capitalization 14% 14%
 
Per common share
  Net earnings - Basic $0.45 $0.30 $0.79  $1.42 
  - Diluted 0.43 0.29 0.76  1.35 
  Dividend 0.06 0.05 0.18  0.15 
 
  Weighted average number of paid common
  shares outstanding (in thousands) 174,266 171,753 173,752  171,015 
 
Average uranium spot price for the period (US$/lb) $30.41 $19.29 $26.63  $17.94 
 
Sales volumes
  Uranium (in thousands lbs U3O8) 7,634 9,553 18,702  21,658 
  Uranium conversion (tU) 4,210 4,375 9,635  11,542 
  Gold (troy ounces) 178,000 218,000 624,000  415,000 
  Electricity (TWh) 2.9 2.8 7.8  8.3 
 
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.