Paladin lifts Q3 uranium output as Langer Heinrich output rises, costs fall

Despite Australia-based uranium producer Paladin Energy lifting saleable uranium output by 16% in the quarter ended September 30, it missed its sales guidance by 50 000 lbs of uranium oxide (U3O8), citing a re-timing of sales negatively influencing results. Total sales for the quarter amounted to 600 000 lbs U3O8, compared with the guidance of between 650 000 lbs to 750 000 lbs U3O8, at an average selling price of $25.19/lb. This resulted in gross sales revenue of $15.1-million.