March 10, 2011 / 10:48 PM / in 7 years

UPDATE 1-Denison Mines narrows Q4 loss

* Q4 loss of $0.04 vs analyst view loss of $0.01

* Revenue 26 pct higher at $39.2 million (In U.S. dollars unless noted)

TORONTO, March 3 (Reuters) - Uranium producer Denison Mines DML.TO reported a narrower quarterly loss on Thursday, helped by higher uranium prices.

Denison reported a loss of $12.3 million, or 4 cents a share, in the fourth quarter ended Dec. 31. That compared with a loss of $36.1 million, or 11 cents a share, in the year-earlier period.

Revenue was 26 percent higher at $39.2 million.

Analysts, on average, had expected a loss of 1 cent a share, according to Thomson Reuters I/S/B/E.

Denison produced 234,000 pounds of uranium in the fourth quarter and sold 449,000 pounds at an average price of $49.97 a pound.

Shares of Denison closed down 4.31 percent at C$3.11 on Thursday on the Toronto Stock Exchange.

$1=$0.99 Canadian Reporting by Julie Gordon; editing by Rob Wilson

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