Paladin Energy Limited
(ASX:PDN) says it's on track to reach its full year production targets as it continues to cut costs at its African mines.
Production guidance for fiscal 2014 remains between 8.3 million and 8.7 million pounds of triuranium octoxide, which is a compound of uranium.
The Perth-based miner produced just over 2 million pounds in the three months to the end of September, and sold 1.67 million pounds.
Paladin anticipates sales of 2.6 million pounds in the December quarter.
Sales revenue in the September quarter was $73.4 million.
Paladin Energy posted a net loss of $511 million in fiscal 2013.
