Uranium miner Denison posts Q1 loss

Uranium producer Denison Mines, which reported a $7,1-million first-quarter net loss on Thursday, said it has received 65% of White canyon’s shares so far, and extended the deadline for shareholders to accept its offer to June 10. TSX-listed...

Denison sees lower 2011 uranium output, targets 10Mlb/y by 2020

TSX-listed Denison Mines expects to produce 14% less uranium oxide (U3O8) in 2011, with output set to fall to 1,2-million pounds from the 1,4-million pounds produced last year, The mid-size uranium producer also said on Monday that uranium sales...

Denison announces initial resource for Wheeler River project

Toronto-based Denison Mines has completed an initial resource calculation for the Phoenix discovery at its Wheeler River project, in the Athabasca Basin, the firm reported on Tuesday. Indicated resources (from the Phoenix A zone) are estimated at...

Resources Watch

This week: Denison Mines touts Athabasca uranium find; Kinross CEO plays his cards close on plans for Red Back shares; and Uranium One closes the door on Dominion, remains mum on Paladin stake.

Denison touts Athabasca uranium find

The Phoenix uranium deposit, on the Wheeler River property in Canada's Athabasca Basin, could be “one of the most promising discoveries” in two decades in the uranium rich district, Denison Mines CEO Ron Hochstein suggested on Thursday....

Denison forecasts 1,8Mlb uranium sales in 2010

Uranium miner Denison Mines expects to sell 1,8-million pounds of uranium in 2010, compared with sales of 1,1-million pounds last year, the firm said on Monday. The company produced 1,4-million pounds of the nuclear fuel in 2009, plus 501 000...

Denison sees spot uranium, vanadium flat in Q4

The prices for both uranium and vanadium will likely remain at current levels until the end of the year, as demand for vanadium stays weak and a potential sale by the US Department of Energy (DoE) hangs over the spot market, Denison Mines CEO Ron...

Denison plans production from Arizona deposit by 2010

Toronto-based uranium miner Denison Mines plans to start production in 2010 at its Arizona 1 deposit, in north-central Arizona, the firm announced on Tuesday. Denison is the sole owner of Arizona 1, which contains mineral resources of 72 121 t,...

Denison Q2 loss widens

Canadian uranium miner Denison Mines on Wednesday reported a second-quarter net loss of $18,2-million, compared with a $13,8-million loss for the same period last year. Revenue for the quarter slid to $13,4-million, from $31,7-million in the...

Ron Hochstein named new Denison CEO

Canadian uranium producer Denison Mines has named COO Ron Hochstein as president and CEO, and Dr James Gill as chairperson of the board, it announced on Wednesday. Denison has uranium mining assets in the US and Canada, as well as exploration...

Denison expects spot uranium will close in on long-term price this year

Canadian uranium producer Denison Mines expects that the spot price for uranium will narrow the gap with the long-term price for the nuclear fuel during 2009, president and COO Ron Hochstein said on Thursday. The spot price of uranium decreased...

Denison unveils plans for share sale, offtake pact with Korea Electric

Uranium producer Denison Mines has come up with a plan to shore up its balance sheet by raising C$94,9-million, including through the sale of a 19,9% stake in the company to Korea Electric Power Corporation (Kepco). Denison, which said last month...