Paladin Energy Logs Earnings in Fiscal Q1; Revenue Up; Shares Up 5%
MT Newswires Live
Nov 05
Paladin Energy (ASX:PDN) logged $0.0095 in earnings per share for the fiscal first quarter, compared with a loss of $0.0151 a year ago, a Thursday filing showed.
For the three months ended Sept. 30, revenue was $92.4 million versus $36 million previously, the Australia-listed miner added.
The company reaffirmed its fiscal 2027 guidance for the Langer Heinrich Mine, targeting production of 5.1 million to 5.6 million pounds of uranium oxide at a cost of production of $44 to $48 per pound, with higher output expected in the second half of the year as higher-grade ore feed to the processing plant increases.
The company's shares rose past 5% in recent Thursday trade.
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