Paladin posts loss even as Langer reaches capacity

DESPITE its Langer Heinrich uranium mine in Namibia finally hitting its straps during the September quarter, Paladin Energy has posted a cash loss of $US4.7 million ($A7 million) and is seeking finance of $167 million for its Kayelekara mine.

Paladin posts loss even as Langer reaches capacity Paladin posts loss even as Langer reaches capacity Paladin posts loss even as Langer reaches capacity Paladin posts loss even as Langer reaches capacity Paladin posts loss even as Langer reaches capacity

The Langer operation produced some 650,554 pounds of uranium during the three months to September, and Paladin netted around $US51 million in sales from 878,000lb of uranium concentrate from the mine

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