Chamwe Kaira
The Langer Heinrich Mine recorded revenue of U$177.7 million in the 2025 financial year, Paladin Energy announced this week. The sales represented 2.7 million pounds of uranium oxide.
The company said cost of sales stood at U$191.7 million, reflecting the ramp-up of operations. Commercial production at the mine resumed in March 2024, and operations ramped up steadily through 2025.
The mine processed more than 3.6 million tonnes of ore during the year, producing 3 million pounds of uranium oxide. “The average plant recovery rate of 84% reflects the steady progress made during the year as the LHM team increase its capability to optimise plant performance. Sales for the year were 2.7 million pounds of uranium oxide and Paladin met all obligations under its contract book with its tier-one customers,” the company said.
The fourth quarter delivered the highest production levels since the restart, supported by record crusher throughput, consistent plant performance, and improved feed blend strategies.
In March, operations were temporarily halted by a one-in-fifty-year rainfall event that saturated stockpiles. Paladin responded with a rapid recovery programme and began early mining. “This enabled blending of medium-grade stockpiled ore with freshly mined material, improving feed consistency and plant stability throughout the final quarter,” the company said.
Paladin continued refining its blending strategies during the year. “The medium-grade stockpile has been a key component of the feed blend during the year, and its integration with freshly mined ore contributed to improved feed consistency and plant stability, along with throughput enhancements and debottlenecking initiatives.”
A new fleet of mining equipment has been deployed to support early mining, with additional equipment expected by the end of 2026 to enable full-scale operations.
Paladin’s sales were supported by a diversified portfolio of uranium agreements with utilities across the US, Europe, and Asia. In 2025, the company signed new long-term agreements with tier-one customers. It now holds 13 uranium sales contracts securing 24.1 million pounds of uranium oxide through to 2030.
“The uranium term market fundamentals remain strong, and Paladin continues to receive firm interest from existing and prospective customers for uranium supply. Global utilities have significant uncovered requirements, contributing to a robust pipeline of utility demand. The Company will continue to layer in industry leading uranium sales agreements as production continues to ramp up at the Langer Heinrich,” Paladin said.
