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Paladin Energy (ASX:PDN) has shaved nearly a tenth of its company value on Wednesday morning, with the -9.8% price dive coming on the heels of a lofty uranium production goal set by the company in its latest quarterly.
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The energy producer told shareholders it expects to produce as much as 4.4 million pounds of uranium oxide at Langer Heinrich through the next financial year.
“Production is expected to be higher in the second half of FY26 with a higher level of primary feed available to blend with the medium-grade stockpiled material,” the company wrote in an ASX release today.
And as for how it came to the numbers: “This production guidance is based on considered plant availability and utilisation assumptions and includes allowances for expected water supply disruptions, estimated planned and unplanned maintenance, and general plant disruptions based on historical performance.”
Similar expectations were placed on U3O8 sales; as much as 4.2M to be sold, Paladin says.
It’s perfectly feasible for Paladin to hit the big numbers it’s spruiked today, with Langer Heinrich’s long-running ramp-up to be completed in FY26.
However, the sharemarket hasn’t held quite the same confidence in Paladin as Paladin has in its operations. HotCopper users were among the first to deride the quarterly, dubbing it “a bit of a miss” and predicting a steep price drop.
And drop it did: While there’s been a little recovery, PDN is down to $7.46.
Wednesday’s slip deepens what has been a -38% slide for Paladin in the last 12 months.
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Paladin’s chiefs haven’t been too worried about week-to-week action, though, with Langer Heinrich’s steady march towards full mining and processing plant operations in 2027 still standing as the company’s biggest goal.
To that plan, Paladin has started stockpiling medium and high-grade ore at the processing facility, which will eventually be run through the new-look plant.
The company is also still looking for “new contracts with high-quality counterparties.”
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