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Other top gainers on the TSX last week were Paladin Energy, St. Augustine Copper & Gold, Orbite Technologies and Wesdome Gold Mines.
First Quantum Minerals was the top gainer on the TSX last week, followed by Richmont Mines, Paladin Energy, North American Palladium and NGEx Resources.
Paladin Energy (TSX:PDN,ASX:PDN) announced its 2015 annual financial report for the year ended June 30, which showed a net loss of $368.8 million. The company also provided outlook for its full year 2016.
Energy Fuels was the top gainer on the TSX this week with a jump of 14.4 percent. It was followed by Paladin Energy, US Geothermal, Pretium Resources and Lucara Diamond.
Namibia Rare Earths (TSX:NRE) commenced an environmental impact study for its Lofdal Rare Earths project. The company selected SLR Environmental Consulting (Namibia) as the lead consulting group for completion of the assessment, expected by Q3 of 2016.
Kazakhstan was far and away the year’s top uranium-producing country with 23,127 tonnes, and it was followed by Canada with 9,134 tonnes and Australia with 5,001 tonnes. With those numbers and locations in mind, the Investing News Network took a look at the world’s 10 top uranium mines of 2014.
Cantor Fitzgerald’s second annual Global Uranium Conference featured a lineup of noteworthy uranium companies. Following the event, the Investing News Network had a chance to catch up with senior analyst Rob Chang to get a rundown of how it went.
Paladin Energy Ltd. (TSX:PDN,ASX:PDN) announced that it has acquired the Carley Bore uranium deposit from Energia Minerals Ltd. in exchange for Paladin shares and AU$1.6 million cash.
Paladin Energy Ltd. (TSX:PDN) announced its pre-leach thickener at its Langer Heinrich mine project, which was reported damaged on March 2, has been repaired and normal production was reestablished on Friday, March 13.
Following accidents last week at two of the world’s biggest uranium mines, analysts are expecting to see the uranium spot price climb into the $40 per pound range this week. It’s currently sitting unchanged from last week at $38.25 per pound of U3O8.
Paladin Energy (TSX:PDN,ASX:PDN) announced on Tuesday that it had appointed Wendong Zhang as a non-executive director of the company. With 23 years of experience in financial services and international capital markets, Zhang was among the first generation Chinese bankers on Wall Street working with Morgan Stanley, UBS and Citi across
The S&P/ASX 200 failed to make a fifth consecutive week of gains, dropping 94.8 points for the week.
Investors in the uranium space are like Goldilocks: They have three major ways to play, says David Talbot, senior mining analyst at Dundee Capital Markets.
Performing well on the Australian Securities Exchange today were Paladin Energy, Independence Group and Alumina.
News that BHP Billiton wants to spin off its aluminum, nickel and manganese assets helped push the market to a two-week high today.
Paladin Energy Ltd. (TSX:PDN,ASX:PDN) provided its quarterly activities report for the three months ended June 30, 2014. Highlights included the completion of the Langer Heinrich minority Joint Venture US$190 million sale, strong FY14 production and a 25 percent increase in Measured and Indicated resources for the Michelin project.
By Vivien Diniz
Paladin Energy has refinanced its Langer Heinrich facility. Unfortunately, from the point of view of Raymond James’ David Sadowski, the road ahead will still be tough for the company.