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Paladin Energy increases uranium production by 16%; shares rise 12.7%

Paladin Energy reported a 16% increase in uranium production at the Langer-Heinrich mine in Q2 2026 to 1.23 million pounds U3O8 and sales volume rose to 1.43 million pounds at an average realised price of US$71.8 per pound, after which the share price gained 12.7%. Production costs fell to US$39.7 per pound, plant recovery was 91%, and the company reported a net cash position of US$238.4 million at quarter-end. Paladin is also advancing the Patterson Lake South project (winter drilling program underway) and reaffirmed its full-year guidance of 4.0–4.4 million pounds U3O8, targeting full mining and processing capacity in 2027. » Altro su de.investing.com