Paladin Energy sets 5.6 million pound production target

• Paladin Energy completed its operational ramp-up at the Langer Heinrich Mine and released FY2027 production targets of 5.1–5.6 million pounds of uranium.
• Following the release of its operational guidance, the Paladin Energy share price moved to $8.56.
• The company plans to transition entirely to processing open-pit mined ore as its legacy stockpiles deplete.

Paladin Energy (ASX:PDN) expects to produce 5.1–5.6 million pounds of uranium at its Langer Heinrich Mine in FY27.

The guidance follows an active year where the miner beat expectations by producing 4.82 million pounds of uranium in FY26.

"We were very pleased to successfully complete the ramp-up of the Langer Heinrich Mine in line with our commitment to deliver this goal by the end of FY26 while also meeting the upper end of our revised production guidance," said Paladin Energy Managing Director and CEO Paul Hemburrow.

Paladin stated that FY27 production costs will range between US$48 per pound alongside US$29–35 million in capital expenditures.

Following the announcement, the Paladin Energy share price was up at $8.56.

The miner ended the period with a US$70 million revolving credit facility.

Paladin is also advancing its Canadian growth pipeline after signing a key protocol for its Patterson Lake South project.