PDN -1.45%: Australia top uranium name was out with their quarterly production report today. Its been a busy quarter despite the Langer Heinrich mine remaining on care and maintenance. They’ve been doing drilling and technical work in preparation for a restart as the uranium market continues to improve. Total resource was increased to 77Mlb of ore though expected costs were also higher in the updated restart plan. Further exploration is in the works while the company still has a net cash balance of $US38m.
MM is bullish PDN here
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