-- Paladin Energy (PDN.TO) on Wednesday reported a year-over-year increase in fiscal third-quarter uranium production, citing strong processing plant performance.
From the Langer Heinrich Mine in Namibia, the company produced 1.29 million pounds of U3O8, up from 745,484 pounds in the year-ago quarter.
Sales of U3O8 came in at 1.03 Mlb, up from 872,435 lb. Average realized price was US$68.3/lb, down from $69.9/lb.
The company increased its production guidance range for fiscal 2026 to a range of 4.5 Mlb and 4.8 Mlb of U3O8, citing strong year-to-date performance.
Paladin had cash and investments of $219.5 million and an undrawn revolving credit facility of $70 million as of quarter-end.