Paladin Energy Ltd. Reports Production and Sales Results for the Quarter Ended December 31, 2017; Provides Production and Sales Guidance for the Quarter Ending March 31, 2018 and Full Year to June 30, 2018
Quarterly U3O8 production was 873,107lb, up on the preceding quarter by 4%. The amount of drummed material produced (U3O8 drummed) for the quarter was up 6% from last quarter at 890,230lb.
For the quarter to 31 March 2018, the company's uranium production expected to be in the range of 800,000lb to 900,000lb. Lower uranium sales in the range of 500,000lb to 600,000lb U3O8 are anticipated for the March quarter due to inventory accumulation ahead of a major CNNC delivery in April.
For the full-year to 30 June 2018, uranium production expected to be within the range of 3.3Mlb to 3.5Mlb U3O8.