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RABBIT LAKE

Annual Production

Uranium Operating Highlights
(100% basis except where noted otherwise)
  McArthur River/Key Lake* Rabbit Lake
2012 2011 2010 2012 2011 2010
             
Tonnes milled 193,511 189,821 196,180 260,299 209,040 199,026
Production (million lbs U3O8) 19.5 20.0 19.9 3.8 3.8 3.9
Cameco's share 13.6 14.0 13.9 3.8 3.8 3.9
Recovery (%) 98.93 98.71 98.43 96.41 96.77 96.79
Average mill head grade (%U3O8) 4.61 4.85 4.68 0.71 0.83 0.78
             
 
* McArthur River ore is milled at Key Lake. Due to licence conditions, stockpiled low-grade ore at Key Lake is used to dilute the grade of McArthur River ore.

ISR operations*

  Smith-Ranch/Highland Crow Butte JV Inkai
2012 2011 2010 2012 2011 2010 2012 2011 2010
                   
Production (million lbs U3O8) 1.1 1.4 1.8 0.8 0.8 0.7 4.4 4.2 4.3
Cameco's share 1.1 1.4 1.8 0.8 0.8 0.7 2.6 2.5 2.6
                   
 
* Tonnes milled and mill head grade not applicable.