Paladin shares rise after boosting uranium production guidance for FY26
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More news: Shares in Paladin Energy advanced in afternoon trade after the company raised its uranium production guidance, to a range of 4.5 million to 4.8 million pounds in the full year, following a strong performance during the first nine months of FY26.
Shares had risen 3.07% to $14.58 at 1:21pm AEST.
Paladin Energy hikes FY26 output guidance
The news: Uranium miner Paladin Energy has upgraded its full-year production guidance following better-than-expected performance during the first nine months of FY26.
The numbers: Paladin raised its uranium production guidance from 4-4.4 million pounds to 4.5-4.8 million pounds.
The company’s Langer Heinrich mine in Namibia has produced 3.6 million pounds in the financial year to date. It delivered output of 1.1 million pounds in Q1, 1.2 million in Q2 and 1.3 million in Q3.
It also reduced its capital and exploration expenditure guidance from USD26-32 million ($36-45 million) to USD15-17 million.
Paladin reiterated its existing sales and cost of production guidance.
The context: Paladin said the ramp-up and transition to full mining operations at Langer Heinrich has “progressed well” in FY26. The production results to date have been boosted by the successful mobilisation of the mining fleet, improved feed grade and high recovery rates from the processing plant, the company noted.
The source: ASX
