RY 162.47 0.2283% SHOP 140.64 2.7319% TD 85.66 -0.661% ENB 63.7 0.0157% BN 76.32 1.3411% TRI 249.65 0.5316% CNQ 44.535 0.5759% CP 100.83 -0.1584% CNR 139.73 -0.2214% BMO 138.23 0.5894% BNS 67.13 -1.6122% CSU 4567.8999 0.231% CM 81.74 0.9759% MFC 45.34 1.1151% ATD 71.7 1.0286% NGT 68.62 -1.1951% TRP 68.21 0.3679% SU 55.54 -0.323% WCN 281.93 0.5134% L 203.06 0.6942%
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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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