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Highlights

Cameco Corporation
Highlights
(Unaudited)

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  Three Months Ended Year Ended  
  Dec 31/05 Dec 31/04 Dec 31/05 Dec 31/04  
  
Financial (in millions)  
  Revenue $522 $361 $1,313  $1,048   
  Earnings from operations 57 46 123  125   
  Net earnings 81 37 218  279   
  Cash provided by operations 91 59 278  228   
  Working capital (end of period) 899  555   
  Net debt to capitalization 9% 13%  
   
Per common share  
  Net earnings - Basic $0.47 $0.21 $1.25  $1.63   
  - Diluted 0.44 0.21 1.21  1.56   
  Dividend 0.06 0.05 0.24  0.20   
   
  Weighted average number of paid common  
  shares outstanding (in thousands) 174,466 172,727 173,932  171,445   
   
Average uranium spot price for the period (US$/lb) $34.79 $20.44 $28.67  $18.60   
   
Sales volumes  
  Uranium (in thousands lbs U3O8) 15,506 10,642 34,208  32,299   
  Uranium conversion (tU) 7,007 5,354 16,642  16,896   
  Gold (troy ounces) 158,000 204,000 781,000  619,000   
  Electricity (TWh) 2.0 2.4 9.7  10.6   
   
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.