Australia's Peninsula Energy plunges on likely output forecast cut for US project

Peninsula Energy

31/01/2025 24:30

** Shares of Peninsula Energy  PEN.AX  fall 14.5% to
A$1.125, heading for their biggest pct fall since mid-November
    ** Uranium miner fell as much as 16.4% earlier in the day to
hit lowest level since Dec. 19
    ** Co expects CY2025 production outlook to be revised, with
a likely downgrade for its Lance uranium project in the United
States
    ** Co flags challenging weather conditions and supply chain
issues for the completion of its Lance central processing plant
    ** Says production of the first dry yellowcake is expected
in the June qtr later than previous outlook of March qtr
    ** Stock down more than 10% this year, including today's
move

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com))