Langer Heinrich production targets plummet

PALADIN RESOURCES has announced that its Langer Heinrich mine in Namibia will miss its latest uranium production targets to the end of the financial year by some 130,000 pounds in what is the third production downgrade for the mine this year, representing an overall drop in forecast production from 1.15 million lb to 270,000lb.

Langer Heinrich production targets plummet Langer Heinrich production targets plummet Langer Heinrich production targets plummet Langer Heinrich production targets plummet Langer Heinrich production targets plummet

Paladin said in a market announcement today that the mine will not reach the last forecast figure of 400,000lb uranium oxide after "start-up issues" earlier this year.