** Shares of Paladin Energy PDN.AX tank as much as 28.9% to A$6.880, poised for their worst session since mid-May 2017 - if current losses hold
** Uranium producer slashes FY25 production forecast for its Langer Heinrich mine in Namibia to 3.0–3.6 Mlb from 4.0-4.5 Mlb, and withdraws all other guidance in relation to FY25
** Co says production forecast cut is due to operational challenges and delays in ramping up of production in mine
** Says it expects production to be higher in the second half of FY25
** Stock hits lowest level since late June 2023
** Including day's moves, stock has fallen 27.1% this year, as of 2330 GMT
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.