Paladin Energy Ltd Announces Sales and Production Results for the Quarter Ended March 31, 2016; Provides Sales Guidance for the Quarter Ending June 30, 2016 and Production Guidance for Year the Year 2016
Quarterly U3O8 production of 1,302,169lb was up on the preceding quarter by 3%. The amount of drummed material produced (i.e., U3O8 drummed) for the quarter was unchanged from last quarter at 1,268,160lb.
The company expects sales production for the quarter ending June 30, 2016 include: Uranium Sales Anticipated to be in the range of 1.75Mlb to 2.10Mlb U3O8, of which approximately 1.2Mlb has already been priced and shipped.
Annual U3O8 production guidance for full year 2016 is expected to be approximately 5.0Mlb.