Langer Heinrich Uranium increased uranium production to 1.29 million pounds during the latest quarter as mining and processing activities continued ramping up toward full-scale operations at the Namibian mine.
Parent company Paladin Energy said mining operations at the Langer Heinrich Mine continued to accelerate during the quarter following the delivery and commissioning of the remaining mining fleet.
According to the company, drilling, blasting and load-and-haul activities were concentrated mainly in the G pit, with total mined material increasing 12% from the previous quarter to 6.17 million tonnes.
Crusher throughput reached 1.21 million tonnes at an average ore feed grade of 503 parts per million uranium, reflecting continued processing of remaining previously mined MG3 stockpiles together with ore from lower benches of the G pit.
The mine produced 1.29 million pounds of U₃O₈ during the quarter at an average recovery rate of 92%, which the company attributed to strong processing plant performance.
Paladin said the operational ramp-up remains on track for completion by the end of the 2026 financial year.
The company also reported strong uranium sales and improving realised prices during the quarter.
Langer Heinrich sold 1.03 million pounds of U₃O₈ at an average realised price of US$68.3 per pound, reflecting increased volumes sold into base-escalated uranium contracts.
Paladin said quarterly realised prices continue to depend on customer delivery schedules, contract pricing mechanisms, payment structures and shipment timing.
The operation recorded a quarterly production cost of US$40.3 per pound, supported partly by the continued utilisation of remaining previously mined MG3 stockpiles.
The company also continued expanding resource definition activities within Mining Licence 140.
According to Paladin, a total of 9,427 metres of resource drilling was completed during the quarter using six drill rigs operating within the licence area.
Trials involving high-resolution ground electromagnetic geophysical surveys were also undertaken to assess the effectiveness of mapping subsurface clay distribution and improving geological understanding of the orebody.
Following a strong year-to-date production performance, Paladin revised its 2026 financial year production guidance upward on 17 April 2026.
The company increased its expected annual uranium production guidance from 4 million to 4.4 million pounds U₃O₈ to 4.5 to 4.8 million pounds U₃O₈.
Sales guidance remained unchanged at between 3.8 million and 4.2 million pounds, while cost of production guidance also remained unchanged at between US$44 and US$48 per pound.
Paladin, however, reduced its capital and exploration expenditure guidance from US$26 million to US$32 million to US$15 million to US$17 million.
The company said the revised outlook was based on current operating conditions but warned that global geopolitical disruptions could still affect operations and market conditions.
Paladin said it continues to expect Langer Heinrich Mine to transition to full mining and processing plant operations by the end of FY2026.
