Paladin hits cash-flow positive FY 2016 despite marred market

TSX- and ASX-listed uranium producer Paladin Energy has achieved its full-year fiscal 2016 objective of being cash-flow positive on an 'all in' basis, excluding one-off restructuring costs and capital management, it said Monday. The Perth, Western Australia-based company reported fourth-quarter sales from its cornerstone Langer Heinrich mine, in Namibia, of 1.8-million pounds uranium, at an average selling price of $34.91/lb, which was a $7.41/lb premium to the average spot price of $27.50/lb during the period.