Paladin Energy (ASX:PDN) reported the highest monthly production volumes in December 2024 from its Langer Heinrich mine in Namibia since the restart of commercial production in March 2024, according to a Wednesday filing with the Australian bourse.
The firm processed 750,000 dry tonnes and produced 638,409 pounds of triuranium octoxide in the fiscal second quarter. It sold 500,143 pounds of triuranium octoxide for $66.90 per pound in the December 2024 quarter, compared with 623,064 pounds sold at $70.30 per pound in the previous quarter.
The Langer Heinrich mine was on track to meet the revised production guidance of 3 million pounds to 3.6 million pounds of triuranium octoxide for fiscal 2025.
The company held cash and cash equivalents of $117.1 million at the end of the period and $48.7 million in short-term investments, which are deposits held for a period of greater than three months. It also held $50 million in undrawn debt facilities.
The company's shares surged almost 6% in recent Wednesday trade.
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