Measuring Our Results

There is no finish line when it comes to delivering on our strategic goals. We have a long-term commitment to constantly measure, evaluate and improve.

Each year, we set corporate objectives that are aligned with our strategic plan. These objectives fall under our four measures of success, and 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

2017 Objectives Results
Earnings measures Did not achieve
  • Achieve targeted adjusted net earnings
  • adjusted net earnings was below the minimum target
Cash flow measures Exceeded
  • Achieve cash flow from operations (after working capital changes)
  • cash flow from operations was above the target

Safe, healthy and rewarding workplace

2016 Objectives Results
Workplace safety measure Did not achieve
  • Strive for no injuries at all Cameco-operated sites. Maintain a long-term downward trend in combined employee and contractor injury frequency and severity, and radiation doses.
  • injury rates did not meet the planned reduction target for the year
  • average radiation doses remained low and stable

Clean environment

2016 Objectives Results
Environmental performance measure Achieved
  • Achieve divisional environmental aspect improvement targets.
  • performance was within the targeted range
  • there were no significant environmental incidents in 2017

Supportive communities

2016 Objectives Results
Stakeholder support measure Exceeded
  • Implement Collaboration Agreements by supporting northern business development opportunities and build corporate reputation.
  • sourcing of northern services from Northern Saskatchewan vendors was above the target

Detailed results for our 2017 corporate objectives and the related targets will be provided in our 2018 management proxy circular prior to our Annual Meeting of Shareholders on May 16, 2018.

2018 Objectives

Outstanding financial performance

  • Achieve targeted adjusted net earnings and cash flow from operations.

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.