Paladin Energy shares (ASX: PDN) have delivered double digit percentage gains on the day, adding 10.06% off the back of a solid quarter. The company’s Langer Heinrich mine in Namibia played a pivotal role by producing 308,604 pounds of uranium oxide in the last month of the December quarter, achieving an impressive average plant recovery rate of 88%. This strong performance contributed to Paladin’s total delivery of 638,409 pounds of uranium oxide for the quarter.

The company’s progress at Langer Heinrich is complemented by strategic efforts to mitigate operational risks as production levels rise. Ian Purdy, CEO of Paladin, highlighted the company’s commitment to de-risking operations to ensure steady and safe production at this vital site.

Adding to its strategic growth, Paladin recently completed the acquisition of Fission, thereby integrating the PLS project with ambitions to establish a leading uranium development hub in Canada. This acquisition aligns with Paladin’s broader market strategy to enhance its footprint and asset portfolio within the uranium sector.

Financially, Paladin finished the quarter in a strong position with $117.1 million in cash and $48.7 million in short-term investments. With production costs maintained at $42.3 per pound, the financial stability allows the company to support its operational expansions and strategic acquisitions.

Paladin Energy’s share price is now up 16.48% through 2025, welcome news to holders who endured a decline of more than 22% through 2024.

 

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