Advertisement
Canada markets open in 3 hours 42 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7326
    +0.0003 (+0.04%)
     

  • CRUDE OIL

    83.87
    +0.30 (+0.36%)
     

  • Bitcoin CAD

    88,014.48
    +788.59 (+0.90%)
     

  • CMC Crypto 200

    1,392.61
    -3.93 (-0.28%)
     

  • GOLD FUTURES

    2,361.70
    +19.20 (+0.82%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,730.75
    +163.25 (+0.93%)
     

  • VOLATILITY

    15.68
    +0.31 (+2.02%)
     

  • FTSE

    8,113.52
    +34.66 (+0.43%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6821
    0.0000 (0.00%)
     

Paladin Energy Ltd: Operations Update

Marketwired

PERTH, WESTERN AUSTRALIA--(Marketwired - July 02, 2015) - Paladin Energy Ltd (PDN.TO) (PDN.TO) ("Paladin" or the "Company") wishes to provide a preliminary update on some key achievements for the quarter just ended:

  • Operations are progressing as planned with FY15 production expected to finish between 5.0Mlb U3O8 and 5.1Mlb U3O8, which is within the stated guidance.

  • Revenue improved significantly for the June 2015 quarter at US$73.5M reflecting a sales volume of 1.766Mlb U3O8 achieving an average selling price of US$41.6/lb U3O8 (average spot price for quarter was $36.65/lb).

  • Cash and cash equivalents at year end of approximately US$180M.

Paladin also advises that production optimisation remains a clear priority with further cost reductions an ongoing focus across the overall business.

ACN 061 681 098