Paladin plunges as it resets uranium goals
Shares in Paladin Energy (ASX:PDN) plummeted today after the company announced a reduction in its FY2025 production guidance for its Langer Heinrich Mine in Namibia.
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Paladin Energy Ltd
Paladin Energy Limited is a significant uranium miner and exploration company.
Being an independent and highly regarded global producer means we have an exceptionally solid grounding for resilience and real success.
We’re forward looking, firmly committed to all stakeholders, and focussed on maximising the value of our proven production and development assets.
Paladin’s 75% stake in the globally significant Langer Heinrich mine in Namibia leads this charge. Its long-life operations have already produced over 40 million pounds of U3O8 to date.
Preserving our resource and our shareholder value matters to us. So, against a sustained low uranium spot price, we placed Langer Heinrich on care and maintenance in 2018.
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News
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Can Producers Have Their Yellowcake And Eat It Too?
Waiting for the depressed uranium market to turn is like waiting on the platform for a tardy train, but the fundamentals for a recovery are in place.
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Deals: Paladin Calls Off Bid
Uranium explorer and miner, Paladin Energy intends bailing out of its current takeover for NGM Resources after one of the conditions in its bid was breached by a terrorist attack in the African state of Niger earlier this month.
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