RY 174.21 0.4845% TD 77.21 -0.3099% SHOP 113.1 0.5155% CNR 157.51 -1.1299% ENB 57.59 0.1565% CP 112.08 -0.5678% BMO 129.49 0.3332% TRI 232.87 0.7921% CNQ 49.045 1.1654% BN 76.23 1.3023% ATD 73.74 -0.6066% CSU 4426.6099 0.3812% BNS 73.69 -0.1896% CM 86.29 0.4657% SU 53.56 0.7714% TRP 65.64 0.845% NGT 78.23 1.1246% WCN 250.66 0.2239% MFC 42.08 -0.1898% BCE 46.14 0.2172%
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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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