Paladin Energy Limited
(ASX:PDN) says it has a positive long-term outlook, even though persistent low uranium prices have resulted in a number of production cut-backs and deferred expansion plans in the December quarter.
Paladin sold uranium an average price of $US36.67 a pound during the December quarter, down more than 11 per cent compared to the previous quarter.
Paladin collected sales revenue of $US101.75 million for the quarter, selling close to 2.8 million pounds.
Sales in the March quarter are expected to be about 1.8 million pounds, while combined production guidance for fiscal 2014 remains at between 8.3 million and 8.7 million pounds.
Paladin Energy booked a net loss of $511 million in fiscal 2013
