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Cameco's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Cameco (CCJ)

Q4 2011 Earnings Call

February 10, 2012 11:00 am ET


Rachelle Girard -

Timothy S. Gitzel - Chief Executive Officer, President and Director

Kenneth A. Seitz - Senior Vice President of Marketing and Business Development

Grant E. Isaac - Chief Financial Officer and Senior Vice President

Robert A. Steane - Chief Operating Officer and Senior Vice President


Terence Ortslan

John Hughes - Desjardins Securities Inc., Research Division

Unknown Analyst

Greg Barnes - TD Securities Inc., Fixed Income Research

Daniel Rohr - Morningstar Inc., Research Division

Borden Putnam

Greg Barnes - TD Securities Equity Research

Brian MacArthur - UBS Investment Bank, Research Division



Good day, ladies and gentlemen, and welcome to the Cameco Corp. Fourth Quarter and Year-End Results Conference Call. I would now like to turn the meeting over to Ms. Rachelle Girard, Director, Investor Relations. Please go ahead, Ms. Girard.

Rachelle Girard

Thank you, operator, and good morning, everyone. Welcome to Cameco's fourth quarter conference call to discuss our financial results. Thank you for joining us. With us today are, 4 of Cameco's senior management team. They are Tim Gitzel, President and CEO; Bob Steane, Senior Vice President and Chief Operating Officer; Grant Isaac, Senior Vice President and Chief Financial Officer; and Ken Seitz, Senior Vice President, Marketing and Business Development. We are also joined by our colleague, Bob Lillie.

Tim will begin with comments on Cameco's results for the fourth quarter and for 2011, and on how he sees the future for Cameco and the nuclear industry. Then we will open it up for your questions.

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