Paladin is listed on the Australian Securities Exchange and Namibian Stock Exchange under the symbol PDN. The Company also trades on the Munich, Berlin, Stuttgart, and Frankfurt Exchanges under the symbol PUR. Paladin is a uranium production company with projects currently in Australia and two mines in Africa.
The Langer Heinrich Mine in Namibia is Paladin’s flagship project commenced production in 2007 and has a production capacity of 5.0Mlb per annum.
The Kayelekera Mine in Malawi, the Company’s second mine, provided an excellent follow-up to Langer Heinrich. KM was officially opened in April 2009 and is capable of operating at design production rates of 3.3Mlb U3O8.
Unfortunately, despite improvements to both processing recoveries and costs, the extended downturn in uranium price has resulted in both mines being placed on 'care and maintenance' until there is a significant improvement in the uranium price outlook.
Paladin also holds an 82.08% interest in Summit Resources Limited (ASX Code:SMM).