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Paladin Energy trades near 1x P/NAV, with realized uranium prices lagging current long-term contract levels, offering deferred margin upside as contracts roll over. Langer Heinrich ramp-up is complete, FY2027 guidance targets 5.1–5.6Mlb production at $44–$48/lb costs, and the balance sheet now holds $233M net cash. PLS project NPV is $1.3B at $90/lb uranium, but funding needs ($1.2B capex) and judicial review create…

Paladin Energy TSE: PDN said it completed the ramp-up of its Langer Heinrich Mine in Namibia during fiscal 2026, reporting annual uranium production of 4.82 million pounds of U3O8 and sales of 4.35 million pounds.

Paladin Energy TSE: PDN said it completed the ramp-up of its Langer Heinrich uranium mine during the June quarter, capping a fiscal year in which management said the asset moved from a restart project into stable operations.