Exhibit 99.5

EX-99.5 6 d305788dex995.htm EXHIBIT 99.5 Exhibit 99.5

EXHIBIT 99.5

Contractual Cash Obligations


As at December 31, 2011 (Cdn$ millions)	Total		Due in Less Than 1 Year		Due in 1 - 3 Years		Due in 4 - 5 Years		Due After 5 Yrs
Long-term debt		801		—		6		299		496
BPLP capital lease		146		15		35		43		53
Interest on long-term debt		270		43		85		67		76
Interest on BPLP capital lease		43		10		17		11		4
Provision for reclamation		577		10		40		47		480
Provision for waste disposal		22		4		7		11		—
Other liabilities		507		—		—		—		507
Unconditional product purchase commitments ^{1, 2}		1,457		308		581		128		440
Total contractual cash obligations		3,823		390		771		606		2,056

¹	Denominated in US dollars. Converted to Canadian dollars at the December 31, 2011 rate of Cdn $1.017.

²	Virtually all of Cameco Corporation’s product purchase obligations are under long-term, fixed-price arrangements.

Commercial Commitments


As at December 31, 2011 (Cdn$ millions)	Total amounts committed
Standby letters of credit ¹		670
BPLP guarantees ²		69
Total commercial commitments		739

The standby letters of credit maturing in 2012 were issued with a one-year term and will be automatically renewed on a year-by-year basis until the underlying obligations are resolved. These obligations are primarily the decommissioning and reclamation of Cameco Corporation’s mining and conversion facilities. As such, the letters of credit are expected to remain outstanding well into the future.

²	At December 31, 2011, Cameco Corporation’s total commitment for financial assurances given on behalf of BPLP was estimated to be Cdn $77 million. Refer to note 31 in the 2011 consolidated audited financial statements.