Paladin Energy Ltd (TSX:PDN,ASX:PDN) announced its financial report as of June 30, 2012.
As quoted in the press release:
FY12 has been a milestone year for the Company. Achieving nameplate production levels at both mines positions Paladin well at a time of a changing landscape in the uranium supply industry.
FY13 will be the first year Paladin will operate without distracting construction and commissioning activities running in parallel. In this new environment the Company is well placed to optimise efficiencies and costs on its operations and benefit from returns. Debt gearing is also reducing with the initiatives announced FY12 and early FY13.