Australia's Paladin Energy on track for worst week in 3 months on weaker Q1 production

By Reuters News

** Shares of Australia's Paladin Energy PDN.AX fall 12.6% so far this week to A$7.335, on track for their biggest weekly drop since the week ended July 17

** Uranium miner on Wednesday said it produced 1 million lb of triuranium octoxide in the first quarter from its Langer Heinrich Mine in Namibia, lower than 1.23 million lb produced in Q4 FY26

** Co added that production was impacted by the planned maintenance shutdown and processing plant recovery

** Stock up 6.2% on the day; down 23.4% YTD

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk