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Cameco Q3 Profit Rises - Quick Facts

Cameco Corp. (CCJ,CCO.TO) reported third-quarter net earnings of C$172 million or C$0.44 per share, up from net earnings of C$135 million or C$0.39 per share in the third quarter of 2008.

Adjusted net earnings for the quarter were C$104 million or C$0.26 per share, down from C$127 million or C$0.37 per share in the year ago quarter.

Revenue for the quarter declined to C$694 million, from C$729 million in the year ago quarter.

In 2009, fuel services production at Port Hope and Springfields Fuels Ltd is now expected to total between 11 and 13 million kgU compared to its previous estimate of between 8 and 12 million kgU.

Electricity revenue in 2009 is expected to increase 15% to 20% over 2008 compared to the 10% to 15% increase previously reported.

Centerra expects its 2009 gold production to total between 620,000 and 630,000 ounces compared to its second quarter estimate of 680,000 to 730,000 ounces.

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