Measuring Our Results

Each year, we set corporate objectives that are aligned with our strategic plan. These objectives fall under our four measures of success: outstanding financial performance, safe, healthy and rewarding workplace, clean environment and supportive communities. Performance against specific targets under these objectives forms the foundation for a portion of annual employee and executive compensation. See our most recent management proxy circular for more information on how executive compensation is determined.

Outstanding financial performance

2021 Objectives
Earnings measures Results
  • Achieve targeted adjusted net earnings
  • adjusted net earnings was below target
Cash flow measures
  • Achieve cash flow from operations (after working capital changes)
  • cash flow from operations was slightly below target

Safe, healthy and rewarding workplace

2021 Objectives
Workplace safety measure Results
  • Strive for no injuries at all Cameco-operated sites. Maintain a long-term downward trend in combined employee and contractor total recordable injury rate while achieving targets on specified leading indicators
  • a new performance record was set for the fourth year in a row. TRIR improved significantly by about 25% relative to 2020, exceeding the 2021 improvement target
  • performance of the leading indicators exceeded the targets

Clean environment

2021 Objectives
Environmental performance measure Results
  • Achieve divisional environmental aspect improvement targets.
  • performance was within the targeted range
  • there were no significant environmental incidents in 2021

Supportive communities

2021 Objectives
Stakeholder support measure Results
  • Enhance the skill set of Residents of Saskatchewan’s North for changing industrial environments
  • performance exceeded the target

Detailed results for our 2021 corporate objectives and the related targets will be provided in our 2022 management proxy circular prior to our Annual Meeting of Shareholders on May 10, 2022.

2022 Objectives

Outstanding financial performance

  • Achieve targeted financial measures focused on controlling costs and generating cash.

Safe, healthy and rewarding workplace

  • Improve workplace safety performance at all sites.

Clean environment

  • Improve environmental performance at all sites.

Supportive communities

  • Build and sustain strong stakeholder support for our activities.

Caution about Forward-Looking Information

Please click here for additional information about the assumptions applied in making the forward-looking statements on this page and the factors that could cause results to differ materially.