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Last C$1.01 CAD
Change Today -0.01 / -0.98%
Volume 1.7M
As of 4:00 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

denison mines corp (DML) Snapshot

Open
C$1.01
Previous Close
C$1.02
Day High
C$1.04
Day Low
C$1.00
52 Week High
04/21/14 - C$1.70
52 Week Low
03/19/15 - C$0.98
Market Cap
511.5M
Average Volume 10 Days
1.3M
EPS TTM
C$-0.07
Shares Outstanding
506.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DENISON MINES CORP (DML)

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denison mines corp (DML) Details

Denison Mines Corp. engages in uranium mining and related activities in Canada, Mali, Namibia, Zambia, and Mongolia. The company is involved in the acquisition, exploration, and development of uranium properties; and extraction, processing, and sale of uranium. Its principal assets include a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits; a 25.17% interest in the Midwest uranium project; and a 60% interest in the Wheeler River project in northern Saskatchewan. The company’s principal assets also comprise a 100% interest in Moore Lake project; a 60% interest in Waterbury Lake project; a 58.06% in Hatchet Lake project; a 100% interest in Crawford/Bachman Lake project; a 100% interest in Bell Lake project; and a 30% interest in Mann Lake project located in the Athabasca Basin, northern Saskatchewan. In addition, its principal assets comprise the Mutanga uranium project in southern Zambia; and the Falea uranium, silver, and copper project in Mali, as well as mineral exploration properties in Namibia and Mongolia. In addition, it provides mine decommissioning and decommissioned site monitoring services to third parties. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006. Denison Mines Corp. was founded in 1996 and is headquartered in Toronto, Canada.

Founded in 1996

denison mines corp (DML) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $164.8K
Vice President and Controller
Total Annual Compensation: $160.2K
Vice President of Exploration
Total Annual Compensation: $212.8K
Compensation as of Fiscal Year 2014.

denison mines corp (DML) Key Developments

Denison Mines Corp. Reports the Completion of Winter Exploration Drilling in the Athabasca Basin

Denison Mines Corp. reported the completion of winter exploration drilling in the Athabasca Basin. Highlights from winter drilling include the expansion of the Gryphon zone of basement hosted uranium at Wheeler River, a new discovery of unconformity hosted uranium south of Gryphon, and the expansion of a zone of unconformity hosted uranium at Mann Lake. A total of 30,400 metres was completed in 61 drill holes on seven Denison operated projects. An additional 12,700 metres was completed in 32 holes on projects operated by Denison's joint venture partners. Geophysical surveys are still underway on several properties as work continues on the development of an approximately 34,000 metre summer exploration program. Twenty six drill holes totaling 17,700 metres were completed during the winter drilling program at Wheeler River. All of the drilling was located in the K North area, host of the Gryphon zone, which is located roughly 3 kilometres northwest of the high-grade Phoenix deposit. Seven of the 12 drill holes targeting extensions of the Gryphon zone intersected significant uranium mineralization. The zone was extended up-plunge, down-plunge, and up-dip on two sections. The best result was in drill hole WR-584B, which intersected 9.0% eU3O8 over 4.6 metres in the up-plunge direction. Additionally, 14 drill holes were completed to explore for additional zones of mineralization along strike to the south of Gryphon. The area is characterized by graphitic faults and a prospective alteration zone that extends from the south end of the Gryphon zone. The highlight was drill hole WR-597, which intersected 2.8% eU3O8 over 4.0 metres at the unconformity, roughly 800 metres to the south of the Gryphon zone. WR-597 was following up drill hole WR-595 which intersected 1.0% eU3O8 over 1.2 metres. Mineralization in this area straddles the unconformity, replacing the matrix of the basal sandstone or filling fractures in the underlying pelitic strata. Two additional drill holes completed on the section lacked significant mineralization. The new zone, however, is open along strike to the south and will be followed up in the summer. Additionally, there were several drill holes to the south of the Gryphon zone, which intersected weak uranium mineralization in the basement. As weak uranium mineralization in the basement near the unconformity could represent the upper edge of additional Gryphon-like zones, these results will also be followed up as part of the summer drilling program. The drill results from the Wheeler River winter program are summarized in the table below. Wheeler River is located between the McArthur River Mine and Key Lake mill complex in the Athabasca Basin in northern Saskatchewan. Denison is the operator and holds a 60% interest in the project. Cameco Corporation holds a 30% interest and JCU (Canada) Exploration Company, Limited holds the remaining 10% interest.

Denison Mines Corp. Intersects New Zone of Uranium Mineralization at Wheeler River

Denison Mines Corp. reported the discovery of a new zone of uranium mineralization at the Wheeler River project in the eastern Athabasca Basin of northern Saskatchewan. Uranium in the new zone occurs at the unconformity, 800 metres south of the Gryphon zone. Two drill holes have intersected the zone to date, with the best result being 2.8% eU3O8 over 4.0 metres. Wheeler River is a joint venture (Denison 60% and the operator) with Cameco Corp. (30%) and JCU (Canada) Exploration Company, Limited (10%). The winter 2015 drill program continues at Wheeler River with three drills on site. The program isdesigned to both extend the Gryphon zone of basement hosted uranium discovered in 2014 and explore for other zones of mineralization in the area. Ten drill holes have been completed to explore for additional zones of mineralization along strike to the south of the Gryphon zone. The highlight is drill hole WR-597, which intersected 2.8% eU3O8 over 4.0 metres at the unconformity. WR-597 was following up drill hole WR-595 which intersected 0.9% eU3O8 over 1.1 metres. Mineralization straddles the unconformity, replacing the matrix of the basal sandstone or filling fractures in the underlying pelitic strata. The mineralization is open along the section and along strike to the south. This component of the winter drilling program, south of the Gryphon zone, was designed to systematically evaluate the potential for both basement and unconformity hosted mineralization. The area is characterized by graphitic faults and a prospective alteration zone extending from the south end of the Gryphon zone. Several of the drill holes have intersected weak uranium mineralization in the basement, similar to historic drill holes that led to the discovery of the Gryphon zone. Each of these warrants eventual follow-up. Drill holes WR-595 and WR-597 are the southernmost drill holes, completed on a section 800 metres south of the Gryphon zone, and have intersected the first occurrence of unconformity hosted uranium in the area and significant basement mineralization.

Denison Mines Corp. Announces Management Changes

Denison Mines Corp. announced changes to the structure of its executive team effective immediately. Ron Hochstein has been appointed Executive Chairman of the company and David Cates has assumed the role of President and Chief Executive Officer. To facilitate these changes Mr. Lukas Lundin has resigned as Chairman of the Board, but will continue as a Director of the company. Replacing Mr. Cates as Chief Financial Officer of the company is Mac McDonald. Prior to being appointed Chief Financial Officer of the company, Mr. McDonald acted as Director of Financial Reporting for IAMGOLD Corporation. Mr. McDonald has been involved in the mining industry for over 10 years through his experience at IAMGOLD and prior to that at PricewaterhouseCoopers LLP.

 

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DML

Industry Average

Valuation DML Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 43.4x
Price/Book 1.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 41.0x
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