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Joint operations | 12 Months Ended
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Dec. 31, 2024
Joint operations [Abstract] |
Joint operations | 30. Joint operations Cameco conducts a portion of its exploration, development, mining and milling activities through joint operations. Operations are governed by agreements that provide for joint control of the strategic operating, investing and financing activities among the partners. These agreements were considered in the determination of joint control. Cameco’s significant Canadian uranium joint operation interests are McArthur River, Key Lake and Cigar Lake. The Canadian uranium joint operations allocate uranium production to each joint operation participant and the joint operation participant derives revenue directly from the sale of such product. Mining and milling expenses incurred by joint operations are included in the cost of inventory. Cameco reflects its proportionate interest in these assets and liabilities as follows: Principal place of business Ownership 2024 2023 Total assets McArthur River Canada 69.81% $ 963,183 $ 1,048,746 Key Lake Canada 83.33% 485,635 504,508 Cigar Lake Canada 54.55% 1,010,646 1,158,583 $ 2,459,464 $ 2,711,837 Total liabilities McArthur River 69.81% $ 53,373 $ 50,199 Key Lake 83.33% 248,107 244,480 Cigar Lake 54.55% 57,125 48,967 $ 358,605 $ 343,646

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- Definition The disclosure of joint operations. [Refer: Total for all joint operations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2024-01-01 -Paragraph B4 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2024-en-r&anchor=para_B4_c&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
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