Australia's Paladin Energy hits over-a-year low on bleak quarterly production
14/10/2026 01:43
BUZZ-Australia's Paladin Energy hits over-a-year low on bleak quarterly production ** Shares of Paladin Energy PDN.AX drop as much as 10.8% to A$7.160, their lowest level since August 28, 2025
** Stock is the loser on the broader ASX200 benchmark .AXJO index, which is down 0.5% at 2342 GMT
** Uranium miner reports FY27 Q1 results from its Langer Heinrich Mine in western Namibia
** Triuranium octoxide (U₃O₈) production for first-quarter was 1 million lb, lower than 1.23 Mlb produced in Q4 of FY26, cited to a planned maintainence shutdown and recovery of processing plant
** Triuranium octoxide U₃O₈, also called yellowcake, is the primary fuel for civil nuclear power generation
** Stock down 22% YTD, including the day's move
(Reporting by Rudrannsh Mehra in Bengaluru)
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