PDN
Director Trades
| Date | Director | Value |
|---|---|---|
| Michele Buchignani | $53,921 | |
| Peter Watson | $551,463 |
Company News
Paladin Energy lowers FY25 guidance for Langer Heinrich uranium mine as operational challenges continue
Paladin Energy (ASX: PDN) has announced a significant reduction in the FY2025 production guidance for its Langer Heinrich Mine (LHM) in Namibia after encountering several issues. Lower-than-expected production outcomes in October, along with ongoing operational challenges at the uranium mine, have forced Paladin to revise its production forecast range for FY2025 down to between 3.0 […]
Paladin Energy overcomes short-term challenges to ramp up Langer Heinrich uranium production
Paladin Energy (ASX: PDN) has identified several solutions to help overcome short-term operational challenges as it continues ramping up the Langer Heinrich uranium mine (LHM) in Namibia. The LHM re-commenced commercial production on 30 March 2024 following the successful completion of the restart project and is undergoing an operational ramp-up during FY2025, with ore feed […]
Paladin Energy proposes $1.25b takeover bid for Fission Uranium
Paladin Energy (ASX: PDN) has made a $1.25 billion takeover offer for Fission Uranium Corp to create a global uranium leader with assets in Canada, Namibia and Australia. On completion of the all-scrip acquisition, the enlarged group is expected to be worth $5.27 billion and hold dual listings in Australia and Canada. The combined resource […]
Paladin Energy achieves commercial uranium production at Langer Heinrich
Paladin Energy (ASX: PDN) has commenced uranium concentrate production at the Langer Heinrich Mine (LHM) in Namibia. Drumming and production at the successfully re-started mine is now being ramped up to help Paladin complete a finished product inventory, ahead of shipments to customers. “Achieving first production at the Langer Heinrich Mine is an important milestone […]
Australian uranium shares surge on news of Kazatomprom production shortfall
Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid. Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in […]
Uranium shortage looms as miners race to supply existing and new reactors
The days of buying US$40 per pound uranium are over — and also probably at US$50 or US$60, Cameco chief financial officer, Grant Isaac, said over the weekend. “We’re going to need new supplies,” he added, reflecting the market view now held by the operator of the world’s largest uranium mine, Cigar Lake in Canada. […]
Uranium price breaches US$60 a pound as demand outstrips supply
It’s getting harder by the day to ignore the uranium revival as the price breaches the US$60 level with stockpiles shrinking and demand comfortably outstripping supply. If it was any other commodity the price would almost certainly be a lot higher as would the share prices of the small band of Australian mining companies prepared […]
An investors guide to the 2023 Diggers & Dealers mining forum
Investors looking for small-cap mining companies with a bright future discover every year that the best place to find them is also the most difficult. Australia’s remote gold, nickel and rare earth capital, Kalgoorlie in Western Australia, is where there will next week be a concentration of mining company managers at the annual Diggers and […]
Namibian government denies reports of nationalisation, shares rebound
The share prices of a number of ASX-listed miners have rebounded after the Namibian government labelled reports of possible nationalisation of the country’s resource sector as “disappointing”. The international media reports sent a shock wave through the global resources sector and stock exchanges this week, with a number of ASX-listed companies in particular seeing their […]
Uranium and gas big winners from Europe’s energy backflip
Uranium and natural gas are coming in from the cold with potentially profound implications for investors. Despite being two of the most efficient sources of relatively low pollution energy, both uranium and gas have been treated as enemies of the environment – putting them off limits to some fund managers. The reality of energy-starved Europe, […]
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