PDN +24.62%: Released a strong quarterly today highlighting the uranium producer is back on track with production, achieving its highest run-rate of production to date.
- Uranium production 745,484 lbs vs. 638,409 q/q, +17% q/q
- Uranium sales 872,435 lbs, +74% q/q
- Unrestricted cash and short-term investments of $127.8M as at 31 March 2025
This is a step in the right direction given the operational missteps and unfortunate weather which has led to setbacks in the past 12 months. Commencement of initial mining activities at the Langer Heinrich has begun, earlier than expected. Mined ore has been fed to the processing plant subsequent to quarter end which will provide uplift in ore recovery and volumes substantially as it is mixed with the current tailings. There now looks to be a strong chance that Paladin can meet its previously withdrawn guidance of 3.0-3.6Mlb for FY25.
MM remains long and bullish PDN
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