RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%

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Denison Mines’ (TSX: DML) Losses Widen in Q1FY24 as Operating Costs Surge

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Highlights

Denison Mines Corp (TSX: DML) is a Canadian uranium exploration, development, and production firm. It is centered on the Athabasca Basin area of northern Saskatchewan. It has a market capitalisation of CAD 2.56bn.

In Q1 2024, the company reported revenues of CAD 0.83 million, attributed to the McClean Lake mill processing 4.2 million pounds of U3O8, up from 3.8 million pounds in the pcp. Despite higher revenues, total expenses surged to CAD 21.00 million in the quarter, compared to CAD 0.60 million in pcp. This increase was primarily driven by elevated exploration and evaluation expenses, along with other costs contributing to the overall loss.

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