Property, plant and equipment

12 Months Ended

Dec. 31, 2023

Property plant and equipment [Abstract]

Property, plant and equipment

9. Property, plant and equipment

At December 31, 2023

Land

Plant 

Furniture

Exploration 

and

and 

 and

Under

and

buildings

equipment

 fixtures

construction

 evaluation

Total

Cost

Beginning of year

$

5,197,138

$

2,812,309

$

84,080

$

234,590

$

1,088,234

$

9,416,351

Additions

9,062

29,498

3,461

111,518

92

153,631

Transfers

40,011

63,819

3,334

(106,835)

-

329

Change in reclamation provision [note 16]

(5,343)

-

-

-

-

(5,343)

Disposals

(13,604)

(3,744)

(69)

(1,989)

-

(19,406)

Effect of movements in exchange rates

(13,940)

(4,277)

(87)

(4)

(19,884)

(38,192)

End of year

5,213,324

2,897,605

90,719

237,280

1,068,442

9,507,370

Accumulated depreciation and impairment

Beginning of year

3,300,869

2,067,999

79,576

36,798

467,071

5,952,313

Depreciation charge

146,574

98,694

4,267

-

-

249,535

Transfers

-

11

(11)

-

-

-

Change in reclamation provision [note 16]

(a)

(7,509)

-

-

-

-

(7,509)

Disposals

(13,604)

(3,456)

(69)

-

-

(17,129)

Effect of movements in exchange rates

(13,340)

(4,227)

(87)

-

(10,159)

(27,813)

End of year

3,412,990

2,159,021

83,676

36,798

456,912

6,149,397

Right-of-use assets

Beginning of year

5,959

1,565

1,928

-

-

9,452

Additions

3,398

126

844

-

-

4,368

Disposals

-

(214)

-

-

-

(214)

Depreciation charge

(1,003)

(399)

(1,076)

-

-

(2,478)

Transfers

(28)

(677)

376

-

-

(329)

End of year

8,326

401

2,072

-

-

10,799

Net book value at December 31, 2023

$

1,808,660

$

738,985

$

9,115

$

200,482

$

611,530

$

3,368,772

At December 31, 2022

Land

Plant 

Furniture

Exploration 

and

and 

 and

Under

and

buildings

equipment

 fixtures

construction

 evaluation

Total

Cost

Beginning of year

$

5,152,209

$

2,732,561

$

84,366

$

167,200

$

1,073,239

$

9,209,575

Acquisitions [note 6]

67,998

27,646

70

2,216

-

97,930

Additions

4,385

8,927

209

129,734

193

143,448

Transfers

25,023

39,091

(167)

(63,518)

-

429

Change in reclamation provision

(93,451)

-

-

-

-

(93,451)

Disposals

(4,885)

(8,423)

(650)

(1,046)

-

(15,004)

Effect of movements in exchange rates

45,859

12,507

252

4

14,802

73,424

End of year

5,197,138

2,812,309

84,080

234,590

1,088,234

9,416,351

Accumulated depreciation and impairment

Beginning of year

3,101,740

1,962,228

78,119

36,798

458,247

5,637,132

Depreciation charge

137,543

101,923

1,857

-

-

241,323

Change in reclamation provision

(a)

22,944

-

-

-

-

22,944

Disposals

(4,851)

(8,201)

(649)

-

-

(13,701)

Effect of movements in exchange rates

43,493

12,049

249

-

8,824

64,615

End of year

3,300,869

2,067,999

79,576

36,798

467,071

5,952,313

Right-of-use assets

Beginning of year

931

1,584

1,641

-

-

4,156

Additions

5,917

1,330

606

-

-

7,853

Disposals

-

(11)

-

-

-

(11)

Depreciation charge

(870)

(560)

(687)

-

-

(2,117)

Transfers

(19)

(778)

368

-

-

(429)

End of year

5,959

1,565

1,928

-

-

9,452

Net book value at December 31, 2022

$

1,902,228

$

745,875

$

6,432

$

197,792

$

621,163

$

3,473,490

Cameco has contractual capital commitments of approximately $

60,525,000

 at December 31, 2023. Certain of the contractual

commitments may contain cancellation clauses, however the Company discloses the commitments based on management’s

intent to fulfill the contract. The majority of this amount is expected to be incurred in 2024.

(a) Asset retirement obligation assets are adjusted when the Company updates its reclamation provisions due to new cash

flow estimates or changes in discount and inflation rates. When the assets of an operation have been written off due to an

impairment, as is the case with our Rabbit Lake operation and some of our operations in the United States, the adjustment is

recorded directly to the statement of earnings as other operating expense or income.