Chamwe Kaira
The Langer Heinrich Mine (LHM) in the Erongo region, owned by Australia-based Paladin Energy, has maintained strong operational performance and reinforced its role in the company’s global uranium portfolio.
Latest updates show that Langer Heinrich delivered 3 million pounds of uranium oxide (U₃O₈) during the 2025 financial year. This marks its full return to large-scale production after years under care and maintenance.
The mine recorded a cost of production of US$40.2 per pound, reflecting improved efficiency as its processing systems stabilised.
The momentum continued into the first quarter of the 2026 financial year. The mine produced 1.06 million pounds at a cost of US$41.6 per pound.
Average realised selling prices rose to US$67.4 per pound, compared to US$65.7 per pound in the previous year.
Processing plant optimisation continues to support performance. Tonnage processed has grown to more than 1,000 kilotonnes per quarter, while recovery rates have remained within the 86% to 88% target range. This operational stability has helped the mine meet delivery commitments at a time when uranium markets are tightening.
Paladin Energy said the mine’s strong commercial results are supported by a robust contract portfolio.
The company has secured 14 uranium sales agreements with major utilities in the United States, Europe and Asia. More than 24.5 million pounds of future production are contracted through to 2030.
The company also reported that 85% of life-of-mine reserves remain uncontracted or linked to market-related pricing, giving it exposure to rising uranium prices.
Paladin also highlighted progress at its Patterson Lake South (PLS) Project in Canada. The project was acquired in late 2024 through the purchase of Fission Uranium Corp.
PLS is considered one of the highest-grade undeveloped uranium deposits globally, with 93.7 million pounds of probable reserves grading 1.41% U₃O₈ in Canada’s Athabasca Basin.
With Langer Heinrich delivering steady production and cash flow and PLS positioned as the next major growth project, Paladin is advancing a dual-asset strategy to expand its uranium presence amid growing demand for nuclear energy.
Paladin Energy owns 75% of Langer Heinrich and holds a portfolio of uranium exploration and development assets in Canada and Australia.
The company is listed on the ASX, TSX and the Namibia Stock Exchange and is headquartered in Perth, Western Australia.
