Denison Mines Corp. cash flow statement

In fiscal 2025, Denison Mines Corp.'s operations generated −$48.8m of cash; it spent $36.2m on capital projects, leaving free cash flow of −$84.9m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Denison Mines Corp.: cash flow statement, annual
Fiscal year	2023Nov 2023	2024Dec 2024	2025Dec 2025
Cash from operations	—	−29	−49
Stock-based pay	—	3	3
Capital spending	2	6	36
Free cash flow	—	−35	−85
Free cash flow after stock pay	—	−39	−88

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Denison Mines Corp.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Denison Mines Corp.