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Uranium miner Paladin Energy at nearly 2-year low after production outlook withdrawal
Shares of Australia's Paladin Energy slid on Wednesday to their lowest point in nearly two years after the uranium miner withdrew its production forecast for fiscal 2025, citing operational disruption at its flagship mine in Namibia. The temporary operational halt at Langer Heinrich Mine (LHM) was caused by a "one-in-fifty-year rainfall event," the company said.
Shares of Australia's Paladin Energy slid on Wednesday to their lowest point in nearly two years after the uranium miner withdrew its production forecast for fiscal 2025, citing operational disruption at its flagship mine in Namibia. The temporary operational halt at Langer Heinrich Mine (LHM) was caused by a "one-in-fifty-year rainfall event," the company said.
