Uranium mining company Paladin will continue to use previously mined stockpile ore for production at the Langer Heinrich mine next year, and will restart mining activities in 2026.
Having recently completed the restart of the Namibian mine, Paladin on Wednesday announced its 2025 production guidance of 4-million to 4.5-million uranium oxide (U3O8) at a production cost of $28/lb to $31/lb.
Langer Heinrich will be in operational ramp-up in the 2025 financial year, with production levels expected to be higher in the second half of the year.
Mining activities will restart in the 2026 financial year, ahead of achieving nameplate production of six-million pounds a year by the end of the 2026 calendar year. The resurrected mine will have a 17-year mine life, producing 77-million pounds of U3O8.
Paladin said earlier this week that it planned to use the cashflow generation from Langer Heinrich to assist in funding the construction of a uranium project in Canada, should its planned acquisition of Fission Uranium for C$1.14-billion proceed.
The first customer shipment from Langer Heinrich following its restart is expected in July.