Langer Heinrich production declines
Uranium miner Paladin Energy has reported a 7% decline in uranium oxide production at its Langer Heinrich mine during the three months to December.
The Langer Heinrich mine produced 1.2 million pounds of uranium oxide during the December quarter, with the volume of ore milled down 5% on the last quarter, while the average plant feed grade also decreased by 2% over the September quarter.
Total uranium sales during the three months under review reached 1.52 million pounds of uranium oxide, with average selling prices of US$26.26 per pound, generating gross sales revenues of $40.1 million. This was a 166% increase over the previous quarter's revenue, as spot prices increased from the US$19.72 per pound recorded in the September quarter.
Paladin told shareholders that lower uranium sales of between 700 000 pounds and 800 000 pounds are expected in the March quarter, due to the timing of deliveries under a major contract.
The Kayelekera mine, in Malawi, remained under care and maintenance during the quarter under review.
MINING WEEKLY
The Langer Heinrich mine produced 1.2 million pounds of uranium oxide during the December quarter, with the volume of ore milled down 5% on the last quarter, while the average plant feed grade also decreased by 2% over the September quarter.
Total uranium sales during the three months under review reached 1.52 million pounds of uranium oxide, with average selling prices of US$26.26 per pound, generating gross sales revenues of $40.1 million. This was a 166% increase over the previous quarter's revenue, as spot prices increased from the US$19.72 per pound recorded in the September quarter.
Paladin told shareholders that lower uranium sales of between 700 000 pounds and 800 000 pounds are expected in the March quarter, due to the timing of deliveries under a major contract.
The Kayelekera mine, in Malawi, remained under care and maintenance during the quarter under review.
MINING WEEKLY
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