Search
Paladin Energy boss John Borshoff.

Paladin writedowns result in $US193m half year loss

Uranium miner Paladin Energy has reported a half year net loss of $US193.5 million, with a number of large write-downs and impairments souring a record half year combined production result.

The miner’s revenue came in at $195.5 million for the six months ended December 31, up from $173.4 million in the previous corresponding period.

Paladin reported an impairment of $96 million at its Kayelekera mine, due to continued weakness in the uranium price, while also writing down $US98.2 million for de-recognition of the mine as a deferred tax asset.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 8 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
73rdSaracen Mineral Holdings235%23%
537thPaladin Energy-24%-39%
600thTiger Resources-40%-38%
711thPanoramic Resources-71%-38%
755 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

31/08/15
$20k Bought
07/08/15
$195k Bought
17/12/14
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

21st↓Paladin Energy$265.8m
22nd↑Saracen Mineral Holdings$250.0m
25th↑Tiger Resources$202.7m
26th-Panoramic Resources$199.1m
528 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Paladin Energy

thDustin Garrow$802k
1652ndRick W Crabb$317k
thDonald Shumka$174k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer