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Paladin Energy’s Strong Financial Turnaround | Namibia News
Paladin Energy turned things around dramatically in 2026, slashing its loss from $76.5 million to just $9.1 million thanks to a surge at its Langer Heinrich Mine in Namibia. Output jumped to 4.82 million pounds of uranium oxide—on target—and sales revenue soared 71% to $304.3 million. Uranium prices rose to an average of $70 per pound, while production costs stayed below expectations. Gross profit ballooned to $52.2 million, reversing last year’s $26.1 million loss. Though higher admin costs and write-downs on Canadian projects tempered gains, cash reserves exploded to $265 million—up from…
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