Paladin Energy Ltd. reported sales results for the second quarter ended December 31, 2016. For the quarter, the company's total sales were 1,525,453lb U3O8 (vs. guidance of 1.40Mlb to 1.60Mlb U3O8) at an average selling price of USD 26.26/lb, generating gross sales revenue of USD 40.1M, which was a 166% increase over the previous quarter's revenue.

For the quarter to March 31, 2017, the company expects Uranium production will be in line with the reduced mining plan, the feed grade will be lower and uranium production is expected to be in the range of 0.9Mlb to 1.0Mlb. Uranium sales - Anticipated to be in the range of 700,000lb to 800,000lb U3O8.

For the full-year to June 30, 2017, the company revised guidance of Uranium production will be in excess of 4.0Mlb U3O8 (vs. previous guidance of 3.8-4.0Mlb).