PALADIN Energy sold 1.4m kilograms of uranium oxide during the first nine months of the 2025/26 financial year, generating about N$3.5 billion in revenue.
The sales were achieved at an average realised price of N$1 174.73 per pound, compared to an average production cost of N$679.93 per pound, reflecting strong margins as output continues to ramp up.
Total production over the period reached around 1.4 kgs, while mining activity intensified, with 17 million metric tonnes (Mt) of material extracted following the commissioning of a full mining fleet.
Managing director and chief executive officer Paul Hemburrow said the operation has now shifted into high-volume production.
“Full mining fleet commissioned and operational, with 17Mt mined in the first nine months of FY2025/26,” he said.
The increase in mining activity has supported improved plant performance, with the processing facility recording a 92% recovery rate in the March 2026 quarter.
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