Chamwe Kaira
The Langer Heinrich Mine has announced its 2026 financial year guidance along with realised uranium price sensitivities based on the company’s uranium sales contract portfolio.
Paladin Energy, which holds a 75% interest in the mine, said it will continue ramping up operations throughout the 2026 financial year.
The mine is shifting from processing stockpiled ore to processing primary mined ore.
Paladin expects the ramp-up to be completed by the end of the financial year, with full mining and processing operations planned for the 2027 financial year.
The remaining portion of the mining fleet is scheduled to arrive in late 2025 and will be commissioned during the second half of 2026.
During the first half of the financial year, primary ore feed will be limited. Mining operations are focusing on waste removal at the G-pit to enable higher ore production in the second half of the year.
“The mine plan has been optimised to deliver medium- and high-grade ore to the processing plant, with lower-grade ore to be stockpiled for future processing,” the company said.
Paladin will continue to deliver uranium to customers in the US, Europe, and Asia and is seeking new long-term contracts with high-quality partners.
The company’s sensitivity analysis assumes a midpoint forecast of 4 million pounds of uranium oxide sales. It also assumes uranium spot prices remain constant throughout the year.
“Deliveries based on commitments under contracts include the company’s estimate of the expected deliveries and takes into account the flexibility provided under existing contract terms. To reflect escalation mechanisms contained in existing contracts, a forecast US inflation rate of 3% per annum has been assumed in relation to escalation clauses under existing contracts,” the company said.
