Why is this not in the HC news thread:
By Ross Kelly
SYDNEY--Africa-focused uranium miner Paladin Energy Ltd. (PDN.AU) on Monday downgraded its annual production guidance.
The company, which completed a capital raising last month, said it now expects to produce between 5.2 million and 5.5 million pounds of uranium oxide in the year through June.
That's down from previous guidance of between 5.4 million pounds and 5.8 million pounds, which it issued in November while launching an issue of new shares to raise A$205 million.
Write to Ross Kelly at [email protected]
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
January 18, 2015 17:47 ET (22:47 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Ann: Quarterly Activities Report for Period Ending 31 Dec 2014, page-6
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