Paladin Energy Widens Full-Year Loss

Mining Weekly reported Paladin Energy (ASX:PDN,TSX:PDN) widened its full-year loss by 110% to 172.8-million.

As quoted in the market news:

The $133-million write-down and impairment of its Malawi assets was considered necessary as uranium prices fell after the Fukushima Daiichi nuclear disaster in Japan last year.

Sales revenue increased by 37% to $365.8-million, mainly as a result of 39% higher sales volumes of 6.7-million pounds of uranium oxide (U₃O₈) compared with the 2011 sales volume of 4.812-million pounds.

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