RY 164.25 -0.9946% TD 85.84 0.7157% SHOP 105.92 -0.8518% CNR 154.54 -1.2839% ENB 55.28 -0.2526% CP 111.02 -1.447% BMO 123.85 0.7812% TRI 228.87 -0.5993% CNQ 47.63 1.7953% BN 71.41 -0.084% ATD 74.03 1.203% CSU 4275.7002 -2.3478% BNS 71.4 -0.571% CM 81.36 -1.1181% SU 53.41 2.3572% TRP 60.15 1.2626% NGT 71.89 -1.4395% WCN 240.81 0.4882% MFC 40.125 0.1623% BCE 45.8 -1.4842%
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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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