- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Paladin Energy Releases Financial Report for the Nine Months Ended 31 March 2017 and Outlook
Paladin Energy (“Paladin” or “the Company”) (ASX: PDN) (TSX: PDN) announces the release of its condensed consolidated interim financial report for the nine months ended 31 March 2017. The condensed consolidated financial report is appended to this News Release. Highlights References below to 2017 and 2016 are to the equivalent nine months ended 31 March 2017 …
Paladin Energy (“Paladin” or “the Company”) (ASX: PDN) (TSX: PDN) announces the release of its condensed consolidated interim financial report for the nine months ended 31 March 2017. The condensed consolidated financial report is appended to this News Release.
Highlights
References below to 2017 and 2016 are to the equivalent nine months ended 31 March 2017 and 2016 respectively.
Operations
- Langer Heinrich Mine (LHM) produced(1) 3.396Mlb U3O8 for the nine months ended
31 March 2017, down 7% from 2016.- Ore milled of 2,691,209t, down 1% vs. 2016.
- Average plant feed grade of 651ppm U3O8, down 8% vs. 2016.
- Overall recovery of 87.9%, up 3% vs. 2016.
- C1 cash cost of production for 2017 of US$17.51/lb.
- C1 unit cost of production for 2017 was US$17.51/lb, a decrease of 32% from US$25.65/lb in 2016.
- LHM mine plan adjustment involving reduced mining material movement, combined with processing plant feed coming from stockpiled low and medium grade ores was implemented in November 2016.
Sales and revenue
- Sales revenue of US$69.4M for 2017, selling 2.856Mlb U3O8.
- Average realised uranium sales price for 2017 was US$24.32/lb U3O8 compared to the average TradeTech weekly spot price for the period of US$23.10/lb U3O8.
Profitability
- Gross loss for 2017 of US$22.2M compared to a gross profit for 2016 of US$25.7M.
- Underlying EBITDA(3) for 2017 of US$5.1M, an US$11.1M deterioration from an underlying EBITDA of US$16.2M for 2016.
- Underlying all-in cash expenditure(4) per pound of uranium production for 2017 was US$27.97/lb, a decrease of 28% compared to 2016 of US$38.71/lb.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.