Strategy

Cameco’s business strategy is to profitably produce at a pace aligned with market signals, while maintaining the flexibility to respond to market conditions as they evolve. We remain focused on taking advantage of the long-term growth we see coming in our industry to increase long-term shareholder value. We plan to:

carry out all of our business with a focus on safety, people and the environment
ensure continued reliable, low-cost production from our flagship operation, McArthur River/Key Lake and seek to expand that production
ensure continued reliable, low-cost production at Inkai
successfully bring on and ramp up production at Cigar Lake
manage the rest of our production facilities and potential sources of supply in a manner that retains the flexibility to respond to market signals and take advantage of value adding opportunities within our own portfolio and the uranium market
manage and allocate capital in a way that balances growing the long-term value of the business and returns to shareholders, while maintaining a strong balance sheet and our investment grade rating.

In order to support our business strategy, we set corporate, business unit and departmental objectives every year, organizing them under our four measures of success:

These measures of success were created to proactively address the financial, social and environmental aspects of our business. We believe that each is integral to our overall success and that, together, they will ensure our long-term sustainability.

The four measures also form the foundation for our sustainable development strategy, and for how we organize this report.

Our GRI indicators overlap and support our corporate objectives. We track and report on them against the four measures, in addition to using the standard GRI framework.

See our Governance section for information about how the board, executive and management work together to develop our strategy and objectives. See what we measure for more about how we selected our GRI indicators.

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