Aussie uranium miners extend gains as Cameco production halt lifts sentiment

Cameco

06/01/2025 04:02

** Australian uranium producers extend gains for a second
consecutive session 
    ** Stocks climb after a major Canadian uranium fuel provider
announced it had suspended operations at its plant
    ** Paladin Energy  PDN.AX  and Boss Energy  BOE.AX  extended
their rallies to gain as much as 6.9% and 6.5%, respectively  
    ** Cameco, the Canadian uranium giant, said production was
suspended last week at its Kazakhstan-based uranium plant Inkai 
    ** Shares of Deep Yellow  DYL.AX , which handles major
uranium operations, surge 5.7% to hit their highest levels since
early-Nov 2024
    ** PDN stock gained 4.3% on Friday, BOE added 5.2% while DYL
ended the day 9.4% in the green

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))