RY 163.88 0.3552% SHOP 136.18 1.1213% TD 86.68 0.5919% ENB 64.45 0.6874% BN 73.72 -0.1355% TRI 252.04 0.1231% CNQ 40.9 0.5408% CP 99.25 -1.1946% CNR 133.29 -0.988% BMO 132.47 0.5694% BNS 68.03 0.5617% CSU 4927.71 0.9071% CM 85.55 0.9916% MFC 42.14 0.5008% ATD 72.9 0.6628% NGT 74.76 0.0401% TRP 69.4 0.7842% SU 49.35 0.0203% WCN 268.3 -0.4453% L 217.76 0.6192%
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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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