Paladin Energy Limited has reported a record quarterly uranium output of 1,066,496 pounds from its Langer Heinrich Mine (LHM) for the quarter ending 30 September 2025, marking the mine’s strongest performance since operations resumed.
The company expects production to continue ramping up over the coming quarters, with full-scale output targeted for the 2027 financial year.
According to Paladin’s latest quarterly activities report, total material mined increased by 63% compared to the previous quarter as drilling, blasting, and load-and-haul operations intensified across the G and F pits.
The ramp-up is progressing as planned, with full mining and processing capacity expected to be reached by the end of FY2026.
“We had a significant increase in our mining activities during the period at the Langer Heinrich Mine, and our overall ramp-up continues to progress steadily in line with our plan,” said newly appointed Managing Director and Chief Executive Officer, Paul Hemburrow.
Processing volumes remained steady at 1.15 million tonnes, with a consistent feed grade of 477 parts per million and an 86% plant recovery rate.
Paladin achieved an average realised uranium sales price of N$1,167 (US$67.4) per pound, up from N$963 (US$55.6) in the previous quarter. Production costs rose to N$720.81 (US$41.6) per pound, reflecting ongoing ramp-up activity.
Sales for the quarter totalled 533,789 pounds, slightly lower due to a shipping delay that deferred one customer delivery to the following quarter.
Despite this, Paladin received an advance payment of N$514.62 million (US$29.7 million), which will be recognised in the December quarter.
“The first quarter of the financial year has been solid and demonstrates Paladin’s growing operational strength and capability to support the future development of our multi-decade production pipeline,” Hemburrow added.
Paladin reaffirmed its commitment to safety and sustainability, reporting no environmental or radiation incidents during the quarter.
The company also supported several community initiatives in Namibia, including the donation of an ambulance to the Omaruru District Hospital and the launch of a youth entrepreneurial development programme.
