Annual Report 2016

2016 was a year of tremendous challenges and change at Cameco. Despite the uranium spot price hitting a 12-year low, our core uranium business outperformed the market.

— Tim Gitzel, Cameco's President and CEO

 

 Average realized priceCost of purchased and produced uranium (non-IFRS, see pg 41 of MD&A)
201654.4633.69
201746.8028.90
Financial
Results
Expected Impact of
Cost-Cutting Measures
ANNUAL REVENUE
($ millions)
 Annual Revenue
20162431
20152754
20142398
GROSS PROFIT
($ millions)
 Gross Profit
2016463
2015697
2014638
URANIUM REVENUE
($ millions)
 Uranium Revenue
20161718
20151866
20141777
CAPITAL EXPENDITURES
($ millions)
 2015 Actual2016 Actual2017 Outlook*(2017 Outlook Range)
Capital Expenditures3592171900
DIRECT ADMINISTRATION COSTS
($ millions)
 2015 Actual2016 Actual2017 Outlook*(2017 Outlook Range)
Direct Administration Costs18719515010

2015 Actual 2016 Actual 2017 Outlook (2017 Outlook Range)

The information regarding currently expected capital expenditures for future periods is forward-looking information, and is based upon the assumptions and subject to the material risks discussed in our annual and quarterly MD&A. Our actual capital expenditures for future periods may be significantly different.

EXPLORATION
COSTS
($ millions)

 2015 Actual2016 Actual2017 Outlook(2017 Outlook Range)
EXPLORATION COSTS4043300

URANIUM AVERAGE UNIT COST OF
SALES - INCLUDING D&A
($CDN/LB)

 2015 Actual2016 Actual2017 Outlook(2017 Outlook Range*)
Uranium Average Unit Cost of Sales - Including D&A38.8340.3936.301.70

2015 Actual 2016 Actual 2017 Outlook (2017 Outlook Range)