Paladin Energy has recorded its highest uranium production at the Langer Heinrich Mine (LHM) since the mine resumed operations in March 2024, producing 745,464 pounds of uranium in the March 2025 quarter — a 17% increase from the previous quarter.
The company sold 872,435 pounds of uranium during the quarter, compared to 500,143 pounds in the previous quarter, at an average realised price of US$69.90 per pound.
An average plant recovery rate of 88% was achieved during the period, with stockpiled ore remaining the primary feed source for the crusher.
Despite heavy rainfall in Namibia during the quarter, Paladin said production ramped up steadily.
Chief Executive Officer Ian Purdy said the weather disrupted plans to increase output but praised the team’s swift response.
“Production volumes at the LHM during the quarter continued to ramp up, with our expectations of additional volumes being disrupted by a significant rainfall event across Namibia,” Purdy said.
“Our team at the LHM deserves enormous credit for their response to this unexpected incident, their ability to be agile and to rapidly implement a recovery programme at the site. This included identification of a new pit area to advance our mining programme, following the flooding of the location originally earmarked as the site for initial mining.”
The mine processed 900,000 tonnes of ore during the quarter — according to Paladin, the highest throughput since operations resumed in March 2024.
Paladin said it received NamWater supplies at contracted levels and also captured rainwater to supplement its processing needs.
The company said it has begun resource optimisation and drilling within Mining Lease 140 to support future operations and increase in-ground resources.
The uranium company added that it is assessing ore blending strategies to manage the higher-than-expected volumes of medium-grade stockpiles affected by the rainfall. This material is being blended with freshly mined ore to optimise plant performance.
Paladin owns a 75% stake in LHM.
