Uranium miner Paladin loses US $40 million in last three months
Uranium miner Paladin makes $US40m loss Yahoo 7 Finance AAP , 15 Nov 13 Uranium miner Paladin Energy made a $US40 million loss in the three months to September as uranium prices remain low…….Its average realised uranium sales price for the September quarter was US$41.38 per pound, as the spot price trades around eight year lows. Paladin is looking to sell a stake in the Langer Heinrich mine. It is also cutting jobs and costs in response to falls in the price of uranium.
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