Paladin Energy Ltd
(ASX:PDN) says it on target to meet its 2011 financial year production guidance, following record quarterly production of uranium oxide for the three months to June.
Overall production for the June quarter was 1.4 million pounds of uranium oxide, 110% higher than the same time last year.
For the 2010 fiscal year, the company produced 4.3 million pounds of uranium oxide, a 60% increase on the prior year.
Looking ahead Paladin expects to produce seven million pounds of uranium oxide for the 2011 fiscal year.
Paladin Energy reported a loss of $591.82 million for the year ending 30 June 2009.
