| Paladin Energy Ltd: Operations Update | |
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PERTH, WESTERN AUSTRALIA--(Marketwired - July 02, 2015) - Paladin Energy Ltd (PDN.TO) (PDN.TO) ("Paladin" or the "Company") wishes to provide a preliminary update on some key achievements for the quarter just ended: - Operations are progressing as planned with FY15 production expected to finish between 5.0Mlb U3O8 and 5.1Mlb U3O8, which is within the stated guidance.
- Revenue improved significantly for the June 2015 quarter at US$73.5M reflecting a sales volume of 1.766Mlb U3O8 achieving an average selling price of US$41.6/lb U3O8 (average spot price for quarter was $36.65/lb).
- Cash and cash equivalents at year end of approximately US$180M.
Paladin also advises that production optimisation remains a clear priority with further cost reductions an ongoing focus across the overall business. ACN 061 681 098
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Paladin Energy Limited
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PRODUCER |
CODE : PDN.AX |
ISIN : AU000000PDN8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Paladin Energy Ltd is a gold and copper development stage company based in Australia. Paladin Energy Ltd produces gold, copper, uranium in Malawi and in Namibia, develops uranium in Canada, and holds various exploration projects in Australia. Its main assets in production are LANGER HEINRICH in Namibia and KAYELEKERA in Malawi, its main asset in development is MICHELIN in Canada and its main exploration properties are ANGELA/PAMELA, OOBAGOOMA, SKAL, VALHALLA, BIGRLYI, MANYINGEE, MT LOFTY and SICCUS in Australia and NASH, JACQUES LAKE and RAINBOW LAKE in Canada. Paladin Energy Ltd is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 26.2 billions as of today (US$ 18.9 billions, € 16.6 billions). Its stock quote reached its lowest recent point on March 20, 2020 at AU$ 0.04, and its highest recent level on April 16, 2024 at AU$ 15.30. Paladin Energy Ltd has 1 712 839 936 shares outstanding. |