Paladin sinks to $420M loss

AN “extremely challenging” year has ended in Paladin Energy posting a $US420.9 million ($A472 million) loss, while the focus in the next few months will be cost-cutting and fresh negotiations over the sale of a minority stake in the Langer Heinrich mine in Namibia.

Paladin sinks to $420M loss Paladin sinks to $420M loss Paladin sinks to $420M loss Paladin sinks to $420M loss Paladin sinks to $420M loss

A 20% increase in production to 8.25 million pounds of uranium oxide pushed full-year revenue up 12% to $408.4 million.

Gross profit of $25 million was up 5%.

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