Paladin Energy cuts 2025 uranium production forecast due to challenges, causing shares to drop 30%.

Paladin Energy, an Australian uranium producer, has reduced its 2025 production forecast for its Namibian mine, citing challenges with ramp-up and water supply issues. The new target is between 3 million and 3.6 million pounds of uranium, down from 4 million to 4.5 million pounds. This announcement led to a nearly 30% drop in the company's share price. Despite the setback, Paladin remains optimistic about reaching its annual target of 6 million pounds by the end of 2025.

November 12, 2024
6 Articles

Further Reading