-- our expectations regarding sales and purchase volumes and prices for uranium, fuel services and electricity-- our expectations regarding the demand for uranium, the construction of new nuclear power plants and the relicensing of existing nuclear power plants not being more adversely affected than expected by changes in regulation or in the public perception of the safety of nuclear power plants-- our expected production level and production costs-- the assumptions regarding market conditions upon which we have based our capital expenditure expectations-- our expectations regarding spot prices and realized prices for uranium-- our expectations regarding tax rates and payments, the outcome of the dispute with the CRA, foreign currency exchange rates and interest rates-- our decommissioning and reclamation expenses-- our mineral reserve and resource estimates, and the assumptions upon which they are based, are reliable-- the geological, hydrological and other conditions at our mines-- the success of our Cigar Lake development, mining and production plans, including the success of the jet boring mining method at Cigar Lake and that we will be able to obtain the additional jet boring systems we require on schedule-- the success of our McArthur River development, mining and production plans-- our ability to continue to supply our products and services in the expected quantities and at the expected times-- our ability to comply with current and future environmental, safety and other regulatory requirements, and to obtain and maintain required regulatory approvals-- our operations are not significantly disrupted as a result of political instability, nationalization, terrorism, sabotage, blockades, civil unrest, breakdown, natural disasters, governmental or political actions, litigation or arbitration proceedings, the unavailability of reagents, equipment, operating parts and supplies critical to production, labour shortages, labour relations issues (including an inability to renew agreements with unionized employees at McArthur River, Key Lake or the Port Hope conversion facility), strikes or lockouts, underground floods, cave ins, ground movements, tailings dam failure, lack of tailings capacity, transportation disruptions or accidents or other development or operating risks-- NUKEM's actual uranium sales volume, cash flows and revenue in 2013 and in the future will be consistent with our expectations-- key personnel will remain with NUKEM
Quarterly dividend notice
We announced today that our board of directors approved a quarterly dividend of $0.10 per share on the outstanding common shares of the corporation that is payable on July 15, 2013, to shareholders of record at the close of business on June 28, 2013.
We invite you to join our first quarter conference call on Wednesday May 1, 2013 at 1:00 p.m. Eastern.
The call will be open to all investors and the media. To join the call, please dial (866) 240-9772 (Canada and US) or (416) 340-8530. An operator will put your call through. A live audio feed of the conference call will be available from a link at cameco.com. See the link on our home page on the day of the call.
A recorded version of the proceedings will be available:
-- on our website, cameco.com, shortly after the call-- on post view until midnight, Eastern, June 1, 2013 by calling (800) 408-3053 or (905) 694-9451 (Passcode 7039949#)
You can find a copy of our first quarter MD&A and interim financial statements on our website at cameco.com, on SEDAR at sedar.com and on EDGAR at sec.gov/edgar.shtml.
Additional information, including our 2012 annual management's discussion and analysis, annual audited financial statements and annual information form, is available on SEDAR at sedar.com, on EDGAR at sec.gov/edgar.shtml and on our website at cameco.com.
We are one of the world's largest uranium producers, a significant supplier of conversion services and one of two Candu fuel manufacturers in Canada. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations. Our uranium products are used to generate clean electricity in nuclear power plants around the world, including Ontario where we are a limited partner in North America's largest nuclear electricity generating facility. We also explore for uranium in the Americas, Australia and Asia. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.
As used in this news release, the terms we, us, our and Cameco mean Cameco Corporation and its subsidiaries, including NUKEM Energy Gmbh (NUKEM), unless otherwise indicated.