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

2022 Objectives
Earnings measures Results
  • Achieve targeted adjusted net earnings
  • adjusted net earnings was above target
Cash flow measures
  • Achieve cash flow from operations (before working capital changes)
  • cash flow from operations was above target

Safe, healthy and rewarding workplace

2022 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.
  • we did not achieve our target for TRIR
  • performance of the leading indicators was within the target range

Clean environment

2022 Objectives
Environmental performance measure Results
  • Achieve divisional environmental aspect improvement targets.
  • Complete initial planning to outline our overarching low-carbon transition strategy
  • performance on divisional environmental targets was below the targeted range
  • Completed initial planning and identified the practical and achievable actions that we expect to take to reduce carbon emissions at our operations and manage climate-related risks

Supportive communities

2022 Objectives
Stakeholder support measure Results
  • Enhance the skill set of Residents of Saskatchewan’s North (RSN) for changing industrial environments
  • an RSN work placement program was developed and implemented with 50% female participation with support from external agencies, achieving results above the target

Detailed results for our 2022 corporate objectives and the related targets will be provided in our 2023 management proxy circular prior to our Annual Meeting of Shareholders on May 10, 2023.

2023 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.