By Adwitiya Srivastava
April 23 (Reuters) - Australia's Paladin Energy PDN.AX on Wednesday reported a 17% sequential increase in uranium production for the March quarter, sending its shares sharply higher.
The company said it produced 745,484 pounds of uranium oxide from its Langer Heinrich Mine in Namibia, the highest since the mine resumed operations in March 2024.
The company also reported uranium sales of 872,435 pounds, compared to 500,143 pounds in the previous quarter.
Its shares were last up 26.5% at A$5.035, set for their highest one-day gain since February 2021.
The stock was also the top percentage gainer on the S&P/ASX 200 index .AXJO, which was up 1.5%.
The average realised price of which uranium sales was about $69.9/pound, beating Citi's expectation of about $60/pound.
The surge in Paladin drove a wider boost in uranium miners in Australia.
Shares of Boss Energy BOE.AX and Deep Yellow DYL.AX rose 10% and 11.4%, respectively, rebounding from sharp declines on Tuesday.
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Varun H K)
((Adwitiya.Srivastava@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。