Paladin Posts 20% Increase In FY2012/13 Production


News: Australian uranium producer Paladin Energy has posted a 20%y-o-yincrease in its FY2012/13 uranium production, Mining Weekly reports. The increase, which putsPaladin'stotal production at 8.255mn pounds for the year, is reported to have contributed to a 5% increase inthe company's FY2012/13gross profit, up toAUD28mn (US$25mn). Despitethis, the company reported an after-tax net loss ofAUD471.5mn (US$420.9mn)following the implementation of anAUD375.3mn (US$335mn)impairment charge.
This article is tagged to:
Sector: Mining
Geography: Australia