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Denison Mines’ (TSX:DML) losses swell in Q2FY24 despite modest revenue growth. Here’s Why
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Highlights
Denison Mines Corp (TSX:DML) has a market capitalization of CAD 2.25 billion and is operating a business related to the exploration and development of Uranium. The company holds a 95% stake in its flagship Wheeler River Uranium Project. This project is the largest undeveloped uranium site in the infrastructure-rich eastern Athabasca Basin of northern Saskatchewan.
In Q2 2024, the company's revenue reached CAD 1.32 million, reflecting a 37.5% increase compared to the previous corresponding period (pcp). This growth was driven by the McClean Lake mill processing 5.3 million pounds of U3O8, up from 3.8 million pounds in pcp.
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