06:33 AM EDT, 07/23/2025 (MT Newswires) -- Paladin Energy ( PALAF ) late on Tuesday reported an increase in fiscal fourth-quarter cash and cash equivalents on higher production.

Cash and cash equivalents came in at US$89 million, up from US$48.9 million. The company produced 993,843 pounds of U3O8, an increase from 517,597 lbs.

The company released fiscal year 2026 guidance for the Langer Heinrich mine that was close to year-ago guidance. Production is expected to be between 4 million and 4.4 million pounds of U3O8, compared with 4 million to 4.5 million pounds for fiscal year 2025.

Paladin expects to sell 3.8 million to 4.2 million pounds of U3O8, compared with 3.8 million to 4.1 million pounds.

Cost of production guidance increased to US$44-US$48/lb from US$28-US$31/lb.

The mine will continue its operational ramp-up during FY2026 as it proceeds with a transition from the processing of stockpiled medium grade ore to the processing of primary mined ore.

The operational ramp-up is expected to be completed by the end of fiscal year 2026, with full mining and processing plant operations planned for fiscal year 2027.