We recently published 10 Stocks Beating Wall Street at its Own Game. Denison Mines Corp. (NYSEAmerican:DNN) is one of the top performers of Tuesday.

Denison Mines grew its share prices by as much as 8.17 percent at intra-day trading before trimming gains to close at $2.22 apiece, as investors cheered production cutback announcements from the largest uranium producer in the world.

Last week, Kazakhstan-based Kazatomprom said that it was reducing its production by 10 percent next year to 29,697 tU from 32,777 tU, with the majority of the decrease coming from its Budenovskoye operations.

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According to the company, the move to cut back was not due to any supply constraints, but to make good on its promise of prioritizing market balance and profitability.

In the broader front, Kazatomprom’s lower production could benefit small players, such as Denison Mines Corp. (NYSEAmerican:DNN), in terms of higher uranium prices and profit margins.

In other news, Denison Mines Corp. (NYSEAmerican:DNN) announced the successful raising of $345 million worth of fresh funds through the issuance of convertible senior unsecured notes.

The notes have a tenor of six years and will mature on September 15, 2031, unless converted, repurchased, or redeemed.

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