Australia's Paladin Energy drops as co retracts 2025 forecast after uranium mine disruption

Boss Energy

25/03/2025 23:40

** Shares of Paladin Energy PDN.AX fall 8.5% to A$5.85, hitting their lowest levels since June 1, 2023

** Stock is top loser in the benchmark ASX 200 index .AXJO

** The uranium miner retracts FY25 production outlook on disruption of operations at Langer Heinrich Mine, Namibia

** Expects to improve production levels in 2H25

** Says operational halt caused by "one-in-fifty-year rainfall event"

** Paladin's peers Boss Energy BOE.AX and Deep Yellow DYL.AX down 1.8% and 2.3%, respectively

** Stock down 21.7% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))