The Paladin Energy Ltd (ASX: PDN) share price is leaping higher today.

Shares in the S&P/ASX 200 Index (ASX: XJO) uranium stock closed yesterday trading for $8.35. In morning trade on Wednesday, shares are changing hands for $8.83 apiece, up 5.8%.

For some context the ASX 200 is up 0.25% at this same time.

This outperformance comes following the release of Paladin's quarterly update for the three months ending 31 December (Q2 FY 2025).

Here are the highlights.

Paladin Energy share price heats up

The Paladin Energy share price is racing higher after the miner reported that the ramp-up of operations at its Langer Heinrich Mine (LHM) in Namibia continued over the quarter "with operational gains embedded".

Paladin shut down the uranium mine in November to complete improvement works. This led to December recording the highest monthly production volumes since the restart of commercial production at the LHM in March last year.

The boost in production was said to be spurred by an improvement in recovery rates and the stabilisation of water supply to the plant.

The 638,409 of uranium produced during the quarter was in line with management expectations. Paladin said it remained on track to meet its revised production guidance of 3.0 million to 3.6 million pounds of U3O8 in FY 2025.

Offering a potential longer-term boost to the Paladin Energy share price, the company completed its acquisition of Fission Uranium Corp on 24 December. This brings Fission's Patterson Lake South (PLS) uranium project to its Canadian growth portfolio.

In line with that acquisition, Paladin shares began trading on the Toronto Stock Exchange (TSX) on 27 December.

Turning to the balance sheet, as at 31 December 2024, Paladin held US$166 million in unrestricted cash and short-term investments, along with undrawn debt facilities of US$50 million.

What did management say?

Commenting on the quarterly results helping to boost the Paladin Energy share price today, CEO Ian Purdy said, "It was pleasing to see benefits from the planned plant shutdown and other operational initiatives positively impact production from the LHM."

Purdy added:

We continue to de-risk the operation but recognise the LHM is still ramping up to full production and patience is required as our local team steadily achieves their goals.

The completion of the Fission acquisition and the addition of the PLS project during the quarter provides decades of future development opportunities for Paladin Canada.

We are creating a leading Canadian development hub for the uranium sector, with exploration upside across all our properties in the Athabasca Basin and in Newfoundland and Labrador.

Shareholders now benefit from Paladin's increased scale, with a combined Mineral Resource that is one of the largest in pure play uranium companies globally.