• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    market news

    Paladin Energy Releases Financial Report for the Nine Months Ended 31 March 2017 and Outlook

    Melissa Shaw
    May. 16, 2017 08:50AM PST
    Energy Investing

    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.

    Click here to read the full text release.

    uranium salesasx:pdnmarket newstsx:pdnlanger heinrichpaladin energyfinancial report
    The Conversation (0)

    Go Deeper

    AI Powered
    Four nuclear reactors in a field.

    ASX Uranium Stocks: 5 Biggest Companies in 2025

    Uranium Outlook

    Uranium Outlook

    Latest News

    Standard Uranium Announces Expansion of Davidson River Drill Program and Provides Update on Private Placement and LIFE Offering

    VanadiumCorp Resource Shareholders Approve All Matters at AGM

    Valeura Ranked No. 1 of Canada's Top Growing Companies

    Pine Ridge Uranium Project Continues to Deliver Encouraging Exploration Results

    Lo Herma Resource Drilling Timing Confirmed

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES