Uranium miner Paladin Energy has slashed its production guidance after admitting its previous forecasts were “a bit ambitious”.
Shares in the Perth-based miner lost more than one-quarter of their value on Tuesday after Paladin cut its 2025 production guidance to between 3 million and 3.6 million pounds, down between from 4 million and 4.5 million pounds previously.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
