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Other liabilities
12 Months Ended
Dec. 31, 2022
Other Liabilities [Abstract]  
Other liabilities
15.
 
Other liabilities
2022
2021
Deferred sales [note 18]
$
66,845
$
23,316
Derivatives [note 27]
58,342
4,997
Accrued pension and post-retirement benefit liability [note 26]
66,180
89,002
Lease obligation
9,287
4,872
Product loan
(a)
78,094
15,763
Sales contracts [note 6]
9,000
-
Other
59,738
56,615
347,486
194,565
Less: current portion
(131,324)
(22,791)
Net
$
216,162
$
171,774
Expenses related to short-term leases and leases of low-value assets were insignificant during 2022
.
(a) The Company has standby product loan facilities with various counterparties. The arrangements allow it to borrow up to
2,438,000
 
kgU of UF
6
 
conversion services and
2,817,000
 
pounds of U
3
O
8
 
by September 30, 2026 with repayment in kind up to
December 31, 2026
. Under the facilities, standby fees of up to
1
% are payable based on the market value of the facilities and
interest is payable on the market value of any amounts drawn at rates ranging from
0.5
% to
2.0
%. At December 31, 2022, we
have
1,529,000
 
kgU of UF
6
 
conversion services drawn on the loans with repayment by December 31 of the following years:
2023
2024
2025
2026
Total
 
kgU of UF
6
331,000
-
287,000
911,000
1,529,000
We also have
1,393,000
 
pounds of U
3
O
8
 
drawn with repayment due no later than December 31, 2023 of the following years:
2023
2024
2025
2026
Total
 
lbs of U
3
O
8
1,150,000
-
-
243,000
1,393,000
The loans are recorded at Cameco’s weighted average cost of inventory.