Paladin Revises Guidance, Increase Production Range
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Paladin Energy Limited shares rose higher on Friday following a positive revision to FY2026 production guidance for its Langer Heinrich Mine (LHM) driven by strong operational ramp-up.
The company has announced an increase in FY2026 U3O8 production guidance to 4.5-4.8 million pounds up from the prior 4.0-4.4 million pounds.
This upgrade reflects robust year-to-date output of 3.6 million pounds through the first nine months with successful mining fleet mobilization, improved feed grades and high processing plant recovery rates at LHM in Namibia where Paladin holds a 75% interest. Sales guidance remains steady at 3.8-4.2 million pounds while cost of production holds at US$44-48 per pound pending any escalation from Middle East geopolitical tensions.
Paladin attributed the upgrade to a smooth transition toward full mining and processing operations by the end of FY2026. The company continues close monitoring of global risks that could affect cost forecasts alongside reducing capital and exploration spending to US$15-17 million from the previous US$26-32 million range through reprioritization and deferrals.
LHM has delivered 3.59 million pounds produced and 3.0 million pounds sold year-to-date including Q3 FY2026 output of 1.29 million pounds at an average realized price of US$69.8 per pound. These results bolster Paladin's position in the uranium sector amid surging global demand for nuclear fuel to support clean energy transitions.
PDN shares gained approximately 4% intraday on 17 April Β 2026 reflecting investor optimism. The stock has climbed over 50% YTD outperforming the broader ASX resources sector on sustained uranium price strength.
(Source: Company Reports)
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