Paladin Energy’s (ASX: PDN) share price plunged nearly 30% on Tuesday after the uranium miner revised down its production forecast for the Langer Heinrich mine (LHM) in Namibia.

Shares of ASX-listed Paladin Energy (AU:PDN) tumbled nearly 30% after the company cut its production guidance for FY25. The company now expects to produce between 3.0 million and 3.6 million pounds of uranium as compared to the previous estimate of 4.0 ...

Criticism that the West Australian miner had been overly optimistic in its expectations is ‘fair comment’, says chief executive Ian Purdy.

Paladin Energy shares are under intense selling pressure on Tuesday. The post ASX 200 uranium stock alert: Paladin Energy shares just crashed 29%! appeared first on The Motley Fool Australia.

Paladin Energy boss Ian Purdy has blamed market uncertainty about progress with its $1.5bn acquisition of Canada’s Fission Uranium for “excessive volatility” in the company’s share price.