BUZZ-Australia's Paladin Energy faces worst week in more than 4-1/2 years

Reuters
2024-11-15

** Shares of Paladin Energy down 0.8% to A$7.28

** Stock down 25.4% for the week, facing its worst week since mid-March 2020

** On Tuesday, the uranium producer slashed FY25 production forecast for its Langer Heinrich mine in Namibia to 3.0–3.6 Mlb from 4.0-4.5 Mlb, and withdrew all other guidance in relation to FY25

** Stock has fallen 25.5% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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