Uranium miner said its Namibian Langer Heinrich operation completed ramp-up and hit the top end of FY2026 production guidance, while advancing permitting and exploration at the Patterson Lake South project in Canada.
Paladin Energy Ltd said it has released FY2027 guidance for the Langer Heinrich Mine in Namibia on its website under Stock Exchange Announcements. The update follows FY2026 results in which the company said ramp-up at Langer Heinrich was completed in the June 2026 quarter, with production of 1.23Mlb U3O8 for the quarter and 4.82Mlb for the year, at the upper end of its 4.5–4.8Mlb guidance range. FY2026 sales were 4.35Mlb, above guidance of 3.8–4.2Mlb, and annual cost of production was US$43.3/lb, at the lower end of guidance. Paladin also reported progress at its Patterson Lake South project in Saskatchewan, including Canadian Nuclear Safety Commission sufficiency status for its Construction Licence application, a later Administrative Protocol targeting hearings by the end of calendar 2027, a binding term sheet with Birch Narrows Dene Nation, and a new high-grade Atlas uranium discovery. The company ended June 2026 with US$265 million in cash and investments and an undrawn US$70 million revolving credit facility.