Paladin Energy has announced that it expects to produce more uranium from its Langer Heinrich Mine than previously expected.
In an announcement to investors on Friday, Paladin said it expects to produce up to 4.8 million pounds of yellowcake in the 2026 financial year, ending in July.
The announcement reflects the mine’s greater production as Paladin has scaled up operations.
“The Langer Heinrich Mine ramp-up and transition to full mining operations has progressed well during the first nine months of FY2026,” Paladin said.
The company originally forecasted producing up to 4.4 million pounds of uranium in the financial year, but has already produced 82% of this with three months left of the financial year.
Paladin attributed this progress to improved feed grade and high recovery rates from its processing plant.
The company owns 75% of the mine, while China National Nuclear Corporation owns 25%. Paladin is expected to release its quarterly results on Tuesday.
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