Published on Tuesday April 22 2014 (AEST)
PALADIN Energy has reaffirmed its full-year production guidance after increasing uranium output in the three months to March.
The miner produced 2.089 million pounds of uranium oxide across its Langer Heinrich and Kayelekera mines in the March quarter, up from 1.992 million pounds in the March 2013 quarter. Sales were 2.405 million pounds of uranium oxide in the quarter, up from 1.2 million pounds in the previous corresponding period.
But revenue slipped to $US88.56 million ($94.81m), compared with $US106m in the prior corresponding period, as prices fell.
Paladin reported an average sales price of $US36.82 per pound, down from an average price of $US55.22 per pound in the previous corresponding period.
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