Paladin Energy Ltd (PALAF) Q1 2026 Earnings Call Transcript

Operator

Thank you for standing by, and welcome to the Paladin Energy Limited September 2025 Quarterly Results Call. [Operator Instructions] I would now like to hand the conference over to Mr. Paul Hemburrow, CEO. Please go ahead.

Paul Hemburrow
MD, CEO & Director

Good morning, everyone, and thank you for joining Paladin Energy’s September 2025 Quarterly Investor Conference Call. With me today are Anna Sudlow, Chief Financial Officer; Alex Rybak, Chief Commercial Officer; and Paula Raffo, our Head of Investor Relations. We had a solid start in the first quarter of the financial year at Langer Heinrich with mining activities increasing significantly to the overall ramp are progressing steadily in line with our plan. I’d like to note some highlights achieved at Langer Heinrich during the quarter. Record quarterly production of 1.07 million pounds of uranium, the highest since the mine restart. Total material mined was up 63% from the previous quarter of the mine.

Average realized price increased to $67.4 per pound while unit production costs were $41.60 per pound. Total recordable injury frequency rate of 3.2 per million hours worked on a 12-month moving average basis, better than the company’s safety target. There were no serious environmental or radiation incidents or breaches of environmental compliance requirements during the period. Importantly, for Paladin’s future growth, we have made significant progress at Patterson Lake