Earnings ·
Reports Q3 net income of $81.8M on convertible note fair value gains
DNNDenison Mines Corp.
Denison Mines Corp. reported a net income of $81,768,000 for the third quarter ended September 30, 2026, compared to a net loss of $134,965,000 in the prior year period. The nine-month net loss narrowed to $7,548,000 from $166,001,000. Results were driven by significant non-cash fair value gains on convertible notes and capped call options, partially offset by evaluation expenses at the Gryphon deposit and exploration costs. Cash and cash equivalents stood at $362,749,000. The company advanced construction of its Phoenix uranium project to approximately 24% completion. Denison Mines Corp. is a uranium mining, exploration, and development company focused in Canada's Athabasca Basin.