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BRIEF-Paladin Energy posts qtrly sales revenue of US$64.4 mln

Published 16/02/2016, 04:43 pm
© Reuters.  BRIEF-Paladin Energy posts qtrly sales revenue of US$64.4 mln
PDN
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Feb 16 (Reuters) - Paladin Energy Ltd PDN.AX :

* Appendix 4D and December half yearly financial report and mdanda PDN.AX

* Sales revenue of US$64.4M for the three months ended 31 December 2015,

selling 1.699mlb u3o8

* Underlying EBITDA for three months ended 31 December 2015 of US$10.6M, a

US$17.2M turnaround from a negative underlying EBITDA of US$6.6M

* Says c1 unit cash cost of production for the December 2015 quarter of

US$25.38/lb

* Alexander Molyneux appointed CEO following his six-month engagement

as interim CEO

* Sees FY 2016 lhm c1 cash costs in the range of us$24/lb to us$26/lb

* Company continues to be on track to be cash flow neutral"

* Company would anticipate a weighted average premium of approximately us$4/lb

for its FY 2016 received selling price"

* Sees FY 2016 lhm production 5.0mlb to 5.2mlb

* Running rate for second half of FY 2016 is expected to be in the range of

us$35/lb to us$37/lb"

* Sales volumes are expected to fluctuate quarter-on-quarter due to the uneven

timing of contractual commitments"

* Source text for Eikon ID:nASXbPkHzF

*

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