Paladin lowers quarterly output guidance

Company News

Uranium producer Paladin Energy Limited (ASX:PDN) has lowered its production guidance for the September quarter.
 
The miner says output was expected to have a 15 per cent shortfall over the months including July, August and September. 
 
The company now expects production to be affected by an extra 5 to 7.5 per cent. 
 
The latest forecast is as a result of the scaling issue being more extensive than originally thought and the resin change taking longer than anticipated. 
 
Paladin advises annual production guidance remains unchanged. 
 
Paladin Energy reported a net loss of $414 million in the 2014 financial year.

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