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

2020 Objectives
Earnings measures Results
  • Achieve targeted adjusted net earnings
  • adjusted net earnings was below target largely due to the costs associated with the proactive measures taken to protect the health and safety of our workforce from the risks posed by the COVID-19 pandemic
Cash flow measures
  • Achieve cash flow from operations (after working capital changes)
  • cash flow from operations was below target largely due to the costs associated with the proactive measures taken to protect the health and safety of our workforce from the risks posed by the COVID-19 pandemic

Safe, healthy and rewarding workplace

2020 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 injury frequency and severity, and radiation doses.
  • best safety performance in the history of the company, however TRIR did not meet the 2020 improvement target
  • completion of corrective actions and job task observations was within the targeted range
  • average radiation doses remained low and stable

Clean environment

2020 Objectives
Environmental performance measure Results
  • Achieve divisional environmental aspect improvement targets.
  • performance was within the targeted range
  • there were no significant environmental incidents in 2020

Supportive communities

2020 Objectives
Stakeholder support measure Results
  • Develop the skill set of residents of Saskatchewan’s north in conjunction with our initiative to accelerate the adoption of advanced digital and automation technologies at our northern Saskatchewan operations.
  • performance was above target

Detailed results for our 2020 corporate objectives and the related targets will be provided in our 2021 management proxy circular prior to our Annual Meeting of Shareholders on May 6, 2021.

2021 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.