Australia's Paladin Energy on track for worst week in 3 months on weaker Q1 production
16/10/2026 03:50
BUZZ-Australia's Paladin Energy on track for worst week in 3 months on weaker Q1 production ** Shares of Australia's Paladin Energy PDN.AX fall 12.6% so far this week to A$7.335, on track for their biggest weekly drop since the week ended July 17
** Uranium miner on Wednesday said it produced 1 million lb of triuranium octoxide in the first quarter from its Langer Heinrich Mine in Namibia, lower than 1.23 million lb produced in Q4 FY26
** Co added that production was impacted by the planned maintenance shutdown and processing plant recovery
** Stock up 6.2% on the day; down 23.4% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
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