Outstanding financial performance and governance
Long-term financial stability and profitability are essential to our sustainability as a company, and to the support we can bring to the communities we operate in. We also firmly believe that sound governance is the foundation for strong corporate performance.
We report on seven measures of direct economic value and measure our financial performance against four indicators related to fines, sanctions and litigation. We also assess the effectiveness of our corporate governance using two third party metrics.
We make it a formal practice to recognize and reward innovation throughout our organization – our business depends on it.
Over the past two years, we've recognized two operations whose creative solutions to technical challenges have made it possible to protect the value of two of our biggest assets:
The McArthur River team (recipients of the 2011 Cameco Innovation Award) developed a ground freezing technique that maximizes production while minimizing the risk of costly inflows.
The technique, which also reduces the amount of waste rock we generate and the amount of water we consume and treat, represents a significant cost savings and can be applied to other challenging deposits in the Athabasca Basin.
The Cigar Lake engineering team (recipients of our 2010 Innovation Award and the 2011 Exceptional Engineering/ Geoscience Award from the Association of Professional Engineers and Geoscientists of Saskatchewan) was recognized for their innovative work to recover the Cigar Lake mine, the world's largest undeveloped high-grade uranium deposit.
While neither of these teams worked alone, their contributions, combined with those of other specialists, exemplify the approach to work that underpins the way we do business at Cameco.
You'll find full indicator data and three-year trend information in our GRI Index.