Paladin Energy Ltd: Quarterly Activities Report For Period Ending-30 June 2011

Paladin Energy Ltd (TSX:PDN,ASX:PDN) reports its quarterly report for period ending June 30th, 2011.

The press release is quoted as saying:

Sales for the quarter were 1,099,712lb U₃O₈ generating revenue of US$59.6M, representing an average sales price of US$54.23/lb U₃O_8. Spot uranium prices declined following the Fukushima nuclear accident which impacted Paladin’s average sales price. During the March quarter 2011, the Ux U₃O₈ price averaged more than US$67.00/lb U₃O₈ with a number of market analysts forecasting firming prices through the year.

Sales for FY2011 amounted to 4,812,135lb generating revenue of US$266.8M at an average sales price of US$55.44/lb U₃O_8. The average Ux spot price for FY2011 was US$56.45/lb U₃O₈.

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