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Property, plant and equipment | 12 Months Ended
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Dec. 31, 2024
Property plant and equipment [Abstract] |
Property, plant and equipment | 9. Property, plant and equipment At December 31, 2024 Land Plant Furniture Exploration and and and Under and buildings equipment fixtures construction evaluation Total Cost Beginning of year $ 5,213,324 $ 2,897,605 $ 90,719 $ 237,280 $ 1,068,442 $ 9,507,370 Additions 206 734 61 210,172 462 211,635 Transfers 72,014 105,291 4,299 (181,550) - 54 Change in reclamation provision [note 16] (54,991) - - - - (54,991) Disposals (210) (3,004) (1,300) (255) - (4,769) Effect of movements in exchange rates 54,888 15,514 296 18 1,332 72,048 End of year 5,285,231 3,016,140 94,075 265,665 1,070,236 9,731,347 Accumulated depreciation Beginning of year 3,412,990 2,159,021 83,676 36,798 456,912 6,149,397 Depreciation charge 164,525 105,545 4,523 - - 274,593 Change in reclamation provision [note 16] (a) (37,683) - - - - (37,683) Disposals (14) (2,064) (1,274) - - (3,352) Effect of movements in exchange rates 52,799 15,404 286 - 2,720 71,209 End of year 3,592,617 2,277,906 87,211 36,798 459,632 6,454,164 Right-of-use assets Beginning of year 8,326 401 2,072 - - 10,799 Additions 696 385 20 - - 1,101 Depreciation charge (1,291) (251) (972) - - (2,514) Transfers (26) (28) - - - (54) End of year 7,705 507 1,120 - - 9,332 Net book value at December 31, 2024 $ 1,700,319 $ 738,741 $ 7,984 $ 228,867 $ 610,604 $ 3,286,515 (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. 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 (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 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 (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 (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. Cameco has contractual capital commitments of approximately $ 148,131,000 at December 31, 2024. 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 2025.

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