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Gold/Mining/Energy : denison mines -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (186)	1/7/1999 5:53:00 PM
From: Lalit Jain	Read Replies (1) \| Respond to of 301

Denison's Costs Reduced JANUARY 7, 1999 TORONTO, ONTARIO--Denison Mines Limited announced today that because production at the McClean Lake uranium project is not expected to commence before the end of April, the work force at the site will be temporarily reduced by about 120 people, representing about 40 percent of full staffing levels. All work necessary to fulfill the regulatory requirements including the licensing process and the construction work at the JEB Tailings Management Facility is continuing. In Greece, restructuring discussions with the workers' union and the Greek State have ended. Denison has given notice of termination of its interest in the Prinos producing field and has reduced the Greek staff to 37 people for security and standby maintenance of the facilities. Discussions on the abandonment of the Prinos field are proceeding.