Paladin widens full-year loss
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Paladin Energy (PDN) has widened its full-year loss as a swag of impairment charges, predominately related to the group's Kayelekera Mine assets, weighed on the result.
In the year to June 30, Paladin posted a net loss of $US420.9 million, a 144% widening of the $US172.8 million loss in the previous year.
In the same period revenue was $US411.5 million, a 12% increase on $367.4 million in 2012.
The result was weighed by impairment charges of $US335.9 million, including the $US180 million foreshadowed earlier this month.
The impairments included $US97.1 million on Kayelekera Mine assets for the June quarter, bringing the total impairment on the project for the year to $US237.9 million due to continued uranium price weakness.
There was also a $US17.2 million hit recorded to reduce the cost of Kayelekera inventory held to net realisable value in the June quarter, totalling $US30.9 million for the year, as well as a $6.1 million impairment of exploration assets.
Paladin set production guidance at between 8.3 million pounds and 8.7 million pounds of uranium and will try and will resume trying to sell its stake in the Langer Heinrich mine in September.
The group declined to pay a dividend.