Paladin Energy Ltd. reported sales and production results for the third quarter ended March 31, 2017. For the quarter, the company's total sales were 730,642lb U3O8 (vs. guidance of 700,000lb to 800,000lb U3O8) at an average selling price of USD 19.54/lb, generating gross sales revenue of USD 14.3 million.

For the quarter, the company reported production of 896,070 lb compared to 1,302,169 lb a year ago.

For the quarter to June 30, 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 750,000lb to 850,000lb. Uranium sales anticipated to be in the range of 1.1Mlb to 1.3Mlb U3O8.

For the full-year to June 30, 2017, the company expects Uranium production will be in excess of 4.0Mlb U3O8.