bearish
Paladin Pummelled 29% on Production Downgrade
SUMMARY
- Paladin Energy faces water supply disruptions from NAM Water in Namibia, leading to a drop in guidance for Langer Heinrich uranium mine.
- The company has adjusted its FY25 uranium production guidance from 4-4.2 million pounds to 3-3.6 million pounds.
- Despite the challenges, Paladin Energy remains confident in meeting customer delivery obligations and has flexibility in contracts to manage the situation.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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