Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Uranerz Energy Corporation Up almost 50% in a Week | Main | $54 billion in additional loan guarantees for nuclear power »

Denison Forecasts Uranium Sales of 1.8 Million Pounds U3O8


Just a quick note in case you missed this news release form Denison Mines Corporation (TSX: DML) announces that its 2010 operating plan and budget is expected to result in the sale of 1.8 million pounds of U3O8. Operating cash flow from mining activities of $19.5 million and net cash flow of $1.0 million after the of $16.7 million on business development activities and other net cash outflows of $1.8 million, according to a recent article on

"Our 2010 plan and budget will not only generate positive cash flow from our operations, while keeping us debt free in a weak uranium price environment, but will also generate sufficient cash flow to fund an aggressive exploration and development program to increase Denison's production and profitability for the years ahead" said Ron Hochstein, President and CEO of Denison. Unless otherwise stated all figures are in U.S. dollars.

In 2010 Denison is expected to have cash flow from its mine and milling operations in Canada and the United States of $19.5 million after capital expenditures of $17.5 million at its mines and mills. Business development expenditures of $15.1 million are planned on new mine development and exploration projects as well as $1.6 million on the search for new acquisitions designed to increase Denison's annual uranium production to at least 10 million pounds per year by 2020.

After accounting for all administration and other expenditures net cash flow is expected to be approximately $1.0 million in 2010. Cash balances are forecast to be $19.2 million at December 31, 2010 and Denison is expected to remain debt free throughout the year. There will be fluctuations in production and sales on a quarterly basis.

Denison Mines Corporation trades on the AMEX under the symbol of DNN and on the Toronto Stock Exchange as DML.

Got a comment then please add it to this article, all opinions are welcome and appreciated.

For those interested in Options Trading please click here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector that is currently coming back to life, you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (2)

It is amazing ,when nobody was interested the price of uranium stocks soared ,thanks to the hedge funds. Now when everyne is talking not even Obahma announcing 100 new Nukes move the prices. Tradetech say the price will remain stagnant for at least two years $40 -$60 range . By then of course more mines will be coming online so there will be no shortages. The outlook from an investor stance is bleak without another hedge fund surge

February 2, 2010 | Unregistered Commenteruranium bug

uranium bug,

Yip, its disappointing and there are other distractions such as the other precious metal, gold, which is grabbing the headlines. Maybe there is an ignition out there that we just can not see?

February 2, 2010 | Unregistered CommenterUranium Stocks

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>