Cameco Corporation has announced the re-election of 12 board members at its annual meeting. Neil McMillan has been appointed by the board of directors as the new non-executive chair. McMillan takes over for Victor Zaleschuk, who will continue to serve as a director. McMillan has been an independent director of Cameco since 2002. He has CEO experience and diverse expertise in mining, government relations and the investment industry. The annual meeting also marked the retirement of Oyvind Hushovd after 10 years on Cameco's board of directors.

Cameco Corporation reported unaudited consolidated financial and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of CAD 443.905 million against CAD 465.632 million a year ago. Net earnings attributable to equity holders were CAD 8.364 million or CAD 0.02 per diluted share against net earnings attributable to equity holders of CAD 128.723 million or CAD 0.33 per diluted share a year ago. Adjusted net earnings were CAD 27 million or CAD 0.07 per diluted share against net earnings CAD 121 million or CAD 0.31 per diluted share a year ago. Cash provided by operations was CAD 269.047 million against CAD 373.971 million a year ago. Adjusted earnings were mainly due to: lower earnings from the company's uranium segment based on lower sales volumes and lower realized prices, lower earnings from the company's electricity segment based on lower generation and higher operating costs, higher expenditures for administration due to the addition of NUKEM's administration and advisory fee, and costs for corporate restructuring. Earnings from operations were CAD 17.200 million compared to CAD 88.482 million a year ago. Loss before income taxes was CAD 19.754 million compared to income before income taxes of CAD 119.970 million a year ago. Additions to property, plant and equipment were CAD 181.897 million compared to CAD 123.676 million a year ago. For the year 2013, the company expects revenue to increase 25% to 30% compared to 2012, tax rate recovery of 15% to 20% and capital expenditure of CAD 655 million.

Cameco Corporation announced that its board of directors approved a quarterly dividend of $0.10 per share on the outstanding common shares of the corporation that is payable on July 15, 2013, to shareholders of record at the close of business on June 28, 2013.