Denison Earnings

Denison came out with its earnings report yesterday. Let's dig into the numbers because they are rather interesting and assuring as an investor. They had a consolidated net loss of $5.06 million or $.03 per share.

Here's the good stuff, net cash used in operation was $5.44 million compared with $4.5 million a year ago. From that less than a million increase, revenue jumped from $660k to $11.72m. The gain can be attributed to increased production as well as increases in the price of uranium.

From that revenue, they more than doubled their exploration expenditures from $2.5m to $5.05m. This is exactly what you like to hear from a mining company. Increased production and increased commodity prices leading to an increase in revenue which they are funneling back into their exploration projects. We are up over 25% on this one in the last 2 months and I will continue to hold.