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Highlights

Cameco Corporation
Highlights
(Unaudited)

  Three Months Ended
  Mar 31/06     Mar 31/05
 
Financial (in millions)
   Revenue $542  $216 
  Earnings from operations 143  15 
  Net earnings 117  26 
  Cash provided by operations 286  84 
  Working capital (end of period) 877  597 
  Net debt to capitalization 5% 12%
 
Per common share
  Net earnings - Basic $0.34  $0.08 
  - Diluted 0.32  0.07 
  Dividend 0.04  0.03 
 
  Weighted average number of paid common shares outstanding (in thousands) 349,933  346,430 
 
Average uranium spot price for the period (US$/lb) $38.96  $21.80 
 
Sales volumes
  Uranium (in thousands lbs U3O8) 11,991  4,265 
  Uranium conversion (tU) 3,245  2,445 
  Gold (troy ounces) 172,000  220,000 
  Electricity (TWh) 2.1  2.6 
 
Note: Currency amounts are expressed in Canadian dollars unless stated otherwise.