Paladin Energy Tumbles After Extreme Weather Hits Production

Shares down the drain as Paladin pulls guidance after flood

A one-in-50-year downpour has forced uranium miner Paladin Energy to pull full-year guidance as it struggles to restart mining and processing activity at its Langer Heinrich project in Africa.

Paladin Energy Tumbles After Extreme Weather Hits Production

Paladin Energy Ltd. shares tumbled after the Australian uranium miner withdrew production guidance for the 2025 fiscal year following disruptions at its Namibia mine caused by extreme rainfall.

Paladin Energy downgraded to Hold from Buy at Jefferies

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The province of Málaga in the south of Spain is currently suffering from extreme weather conditions

Paladin withdraws production at Langer Heinrich mine after heavy rainfall

Paladin Energy withdrew its production forecast for 2025 following heavy rainfall at its Langer Heinrich mine in Namibia, described by the company on Wednesday as a “one-in-fifty-year rainfall event”. Rainfall soaked ore stockpiles and interrupted access to the mine’s processing facilities. Access to the mine was also interrupted owing to road infrastructure damage. Paladin said …

Paladin pulls uranium target after Namibia mine flooded

AUSTRALIAN uranium miner Paladin Energy withdrew its production forecast for 2025 following heavy rainfall at its Langer Heinrich mine in Namibia, described by the company on Wednesday as a “one-in-fifty-year rainfall event”. Rainfall soaked ore stockpiles and interrupted access to the mine’s processing facilities. Access to the mine was also interrupted owing to road infrastructure damage. Paladin said its processing facilities “appeared” to be…