TORONTO - Denison Mines Corp. (TSX:DML) turned a profit in its latest quarter compared with a loss a year ago as revenue doubled.

The uranium miner, which keeps its books in U.S. dollars, said Thursday it earned $16.7 million or five cents per share for the quarter ended June 30 compared with a loss of $18.2 million or seven cents per share a year ago.

Revenue climbed to $27.2 million, up from $13.4 million.

Denison sold 417,000 pounds of uranium at an average price of $45.56 per pound compared with 128,000 pounds at an average price of $52.44 per pound a year ago.

The company also sold 113,000 pounds of vanadium blackflake at an average price of $6.89 per pound and 238,000 pounds of ferrovanadium at an average price of $14.87 per pound.

In the second quarter of 2009, Denison sold 506,000 pounds of vanadium blackflake at an average price of $3.67 per pound and 18,000 pounds ferrovanadium at an average price of $8.75 per pound.

Shares in Denison, which reported its results after the close of markets, were down three cents at $1.51 on the Toronto Stock Exchange on Thursday.