Paladin more positive on FY17 outlook

Uranium miner Paladin Energy has revised its production and cost guidance for the 2017 financial year to June, with uranium oxide (U3O8) output now expected to exceed four-million pounds. This compares with a previous guidance of 3.8-million pounds to four-million pounds of U3O8 in the 12-month period, the company, which on Wednesday, published its December quarterly report, stated.