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Uranium miner Denison Mines (TSE:DML) announced a $15 million profit or four cents a share for the three months ended September 30.
During the same period last year the company had a net loss of $5.5 million. The company’s stock was unchanged at $1.55 a share.
The company is deferring uranium sales.
“As a result of the events in Japan in March 2011, the uranium spot market demand has declined and the price has been trading in a range of $50.00 to $55.00 per pound. In response to these weaker market conditions, Denison has deferred uranium sales to later in the year,” said the company in a statement.
Revenue from the environmental services divisionfor the three and nine months ended September 30, 2011 was $5,064,000 and $12,195,000 compared to $4,116,000 and $11,271,000 in the same periods in 2010.
The company also received money from its management contract with the Uranium Participation Corporation.
