Paladin Energy says its Langer Heinrich Mine in Namibia has produced a record 1,066,496 pounds of U₃O₈ during the September 2025 quarter — the highest quarterly output since the operation restarted last year.
The company confirmed that the ramp-up of the mine continues according to plan, supported by higher mining volumes, stable processing performance, and improved operational efficiency.
Total material mined rose by 63% from the previous quarter to 5.27 million tonnes, with active drilling, blasting and load-and-haul work focused on the G and F pits.
Waste stripping was prioritised in the G-pit area to ensure long-term ore access, while preparatory works for the G3A pit progressed steadily.
Paladin said the remaining mining fleet is expected to be delivered by late 2025 and commissioned in the second half of the 2026 financial year.
Crusher throughput during the quarter reached 1.15 million tonnes, consistent with the prior period.
The plant processed medium-grade stockpiles averaging 477 parts per million U₃O₈ and achieved an average recovery rate of 86%, in line with the target.
Water management strategies were effective throughout the period, ensuring a reliable supply for both mining and processing operations.
Paladin sold 533,789 pounds of uranium during the quarter at an average realised price of US$67.40 per pound, while maintaining a closing finished-product inventory of 1.8 million pounds.
Unit production costs were recorded at US$41.60 per pound, reflecting operational efficiency gains during the ramp-up phase.
The company now holds 14 long-term uranium sales agreements with major utilities across the United States, Europe and Asia, including a life-of-mine contract with China National Nuclear Corporation (CNNC).
In total, 24.5 million pounds of uranium have been contracted to 2030.
With 85% of Langer Heinrich’s reserves either linked to market-related pricing or uncontracted, Paladin gains exposure to potential future price upside.
The company reported US$269.4 million in cash and investments at the end of September and continues to hold an undrawn US$50 million revolving credit facility.
A fully underwritten A$300 million equity raising was completed in mid-September, while an additional US$29.7 million advance payment was received from a customer for delivery scheduled in the next quarter.
During the same period, Paladin continued its social investment and safety programmes in Namibia.
The company donated a fully equipped off-road ambulance to Omaruru District Hospital and two quad bikes to the Namibia Police Erongo Unit. It also launched a Youth Entrepreneurial Development Initiative to support youth-led small businesses through training and equipment funding.
Paladin achieved a Total Recordable Injury Frequency Rate of 3.2 per million hours worked, better than its safety target, and reported no environmental or radiation incidents.
“Our focus on safety, operational excellence and community partnerships continues to underpin our success at Langer Heinrich,” the company said.
Chief Executive Officer Paul Hemburrow, who assumed the role on 1 September 2025, described the quarter as a defining phase in Paladin’s growth.
“The team has delivered exceptional progress in ramping up Langer Heinrich safely and efficiently. We are on track to unlock the full value of this world-class Namibian asset and build strong partnerships with local communities,” he said
Located in the Erongo Region, the Langer Heinrich Mine is one of Namibia’s most significant uranium producers, alongside the Rössing and Husab operations.
The mine’s revival strengthens Namibia’s position as a global uranium hub at a time when nuclear power is regaining momentum as a low-carbon energy source.
Paladin expects mining activity at Langer Heinrich to focus on waste removal through the December quarter to expose higher-grade ore for processing in early 2026. With the ramp-up on schedule, stable recovery rates and substantial financial reserves, the company says the mine is well positioned to support growing global demand for clean-energy fuel.
