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Paladin Energy Ltd ( (AU:PDN) ) has shared an update.
Paladin Energy reported a strong December quarter as ramp-up at its Langer Heinrich Mine in Namibia delivered a 16% increase in uranium output to 1.23 million pounds U3O8, helped by higher ore grades and strong plant recoveries. Sales nearly tripled quarter-on-quarter to 1.43 million pounds at an average realised price of US$71.80 per pound, reflecting robust contract terms and firming uranium prices, while unit production costs fell to US$39.70 per pound, supporting margins. The company now expects full-year FY2026 production to track towards the upper end of its 4.0–4.4 million pound guidance range, has completed mobilisation for its winter drilling program at the PLS Project, and strengthened its balance sheet via an equity raising and debt facility restructure, leaving it with US$278.4 million in cash and investments and an undrawn US$70 million revolver. Recent senior appointments, including a new President for Paladin Canada and a Chief Operating Officer, together with stable safety performance, underline management’s push to solidify operational reliability and advance its Canadian growth pipeline as global interest in nuclear energy continues to build.
The most recent analyst rating on (AU:PDN) stock is a Hold with a A$11.50 price target. To see the full list of analyst forecasts on Paladin Energy Ltd stock, see the AU:PDN Stock Forecast page.
More about Paladin Energy Ltd
Paladin Energy Ltd is an ASX- and TSX-listed uranium producer focused on the Langer Heinrich Mine in Namibia and growth projects in Canada, including the Patterson Lake South (PLS) Project. The company supplies U3O8 into a strengthening global nuclear fuel market through a contracted sales book and is positioning itself for a multi-decade production pipeline as demand for nuclear energy rises worldwide.
YTD Price Performance: 23.46%
Average Trading Volume: 3,379,042
Technical Sentiment Signal: Buy
Current Market Cap: A$4.99B
For an in-depth examination of PDN stock, go to TipRanks’ Overview page.