Business · Energy & Commodities · 2 hrs ago
Paladin reports 1 million pounds of uranium output in FY2027 first quarter
Paladin Energy produced 1 million pounds of uranium at its Langer Heinrich mine in the first quarter of FY2027.
It sold 1.16 million pounds at an average price of US$79.4 per pound, while its production cost was US$61.6 per pound.
Production was down from 1.23 million pounds in the previous quarter, which the company said was affected by a shutdown and a transition in the mine pit.
Paladin kept its annual target at 5.1 million to 5.6 million pounds and expects production to rise in the second half of the financial year.
The company says mining higher-grade ore should help increase output, and it is also targeting lower costs and better productivity.
In Canada, agreements advanced permitting work for Paladin’s Patterson Lake South uranium project, while drilling extended known mineralisation and found new high-grade zones for follow-up.
Paladin had US$209 million in cash and investments at quarter-end, and plans to continue work on the Canadian project and exploration.
Paladin Energy reported that Langer Heinrich Mine produced 1.00 million pounds of uranium in the first quarter of FY2027.
The mine sold 1.16 million pounds at an average realised price of US$79.4 per pound.
Paladin reaffirmed its FY2027 guidance for Langer Heinrich Mine.
The company said the quarter’s production reflected a planned maintenance shutdown and ore characteristics linked to the mining sequence.
Paladin also signed agreements related to its Patterson Lake South project in Canada.
- Who
- Paladin Energy Ltd.
- What
- Langer Heinrich Mine produced 1.00 million pounds of uranium and sold 1.16 million pounds in the first quarter of FY2027.
- When
- The quarter ended 30 September 2026.
- Where
- Langer Heinrich Mine in Namibia; the company also reported developments at its Patterson Lake South project in Saskatchewan, Canada.
- Why
- Production reflected a planned maintenance shutdown and ore characteristics associated with the mining sequence.
This story does not have two clearly opposing sides.
Langer Heinrich Mine produced 1.00 million pounds and sold 1.16 million pounds of uranium.
The reporting quarter ended.
Paladin’s quarterly report was published.
- Uranium produced
- 1.00 million pounds U₃O₈
- Uranium sold
- 1.16 million pounds U₃O₈
- Average realised price
- US$79.4 per pound
- FY2027 production guidance
- 5.1–5.6 million pounds
- Cash and investments
- US$209 million at quarter-end
2 sources
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What people are saying
The quarter has seen steady implementation of our plans in Namibia and Canada.
We expect production to increase in the second half of FY2027 and we remain on track to deliver our FY2027 guidance.