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

2019 Objectives
Earnings measures Results
  • Achieve targeted adjusted net earnings
  • adjusted net earnings was above the maximum target
Cash flow measures
  • Achieve cash flow from operations (after working capital changes)
  • cash flow from operations was above the maximum target

Safe, healthy and rewarding workplace

2019 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 2019 improvement target

  • completion of corrective actions and job task observations exceeded the target

  • average radiation doses remained low and stable

Clean environment

2019 Objectives
Environmental performance measure Results
  • Achieve divisional environmental aspect improvement targets.
  • performance was within the targeted range
  • there were no significant environmental incidents in 2019

Supportive communities

2018 Objectives
Stakeholder support measure Results
  • Implement Collaboration Agreements by supporting northern business development opportunities and build corporate reputation.
  • of our two targets involving sourcing of services from preferred northern Saskatchewan suppliers, one did not meet the minimum target and the other was above the maximum target

Detailed results for our 2019 corporate objectives and the related targets will be provided in our 2020 management proxy circular prior to our Annual Meeting of Shareholders on April 30, 2020.

2020 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.