Paladin Energy Ltd (ASX:PDN) could sell 15% to 20% in one of its ­African uranium mines within the next few weeks, according to Managing Director, John Borshoff. Paladin has narrowed down a field of interested parties to a final group. Borshoff added that a decision would be made in the "next week or so" as to which one would be granted ­exclusivity and the deal may also include a strategic alliance covering undeveloped projects but that was "more likely" to be separate from the sale of the minority stake. Paladin aims to use the proceeds from the deal to strengthen its balance sheet.

Paladin Energy Ltd. reported consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported revenue of $106.4 million against $67.8 million a year ago. Loss before tax was $55.7 million against $22.1 million a year ago. Loss after tax $60.5 million against $19.4 million a year ago. Net loss after tax attributable to members of the parent was $54.1 million against $17.5 million a year ago. Cash inflow from operating activities was $167.6 million. Exploration expenditure was $4.1 million. Capex was $6.1 million. For the nine months, the company reported revenue of $301.9 million against $241.2 million a year ago. Loss before tax was $199.6 million against $235.0 million a year ago. Loss after tax $284.1 million against $160.2 million a year ago. Net loss after tax attributable to members of the parent was $247.7 million against $137.7 million a year ago. Positive cash flow from operating activities of $216.9 million for the nine months ended March 31, 2013 was primarily due to receipts from customers of $323.6 million and receipt of the off-take agreement funds of $200.0 million. Positive cash flow of $67.4 million was generated by the Langer Heinrich and Kayelekera operations before investment in working capital required to support higher production levels, payments for administration, marketing and non-production costs of $28.6 million. The remaining expenditure comprises $1.2 million for exploration and net interest paid of $26.8 million. Cash outflow from investing activities of $34.9 million for the nine months ended March 31, 2013 relating mainly to plant and equipment acquisitions of $21.6 million, predominantly the new tailings facility at Langer Heinrich and capitalised exploration expenditure of $14.3 million. Exploration expenditure in foreseeable periods will be lower. For the quarter, the company reported that due to continued uranium price weakness, an impairment expense of $44.8 million has been recorded at Kayelekera for the March 2013 quarter. The company provided production guidance for the fiscal year 2013. The Group is in a good position to achieve its stated production target guidance of 8.0 to 8.5Mlb U(3) O(8). The company reported production results for the third quarter and nine months ended March 31, 2013. Combined production for the nine months of 6.112Mlb U(3) O(8), an increase of 26% on the nine months ended March 2012, achieving 96% of nameplate production of 6.375Mlb U(3) O(8) for the nine months. Quarterly combined production of 1.992Mlb U(3) O(8), a decrease of 9% on the December 2012 quarter, achieving 95% of nameplate production of 2.125Mlb U(3) O(8) for the quarter.

Paladin Energy Ltd. announced sales results for the Quarter Ended March 31, 2013. Sales revenue of USD 106 million for the quarter, selling 1.92 Mlb U3O8 at average price of USD 55.22/lb. For the quarter, the company reported Combined production of 1.992Mlb (904t) U3O8 was 95%. Year to date production for 2013 of 6.112Mlb (2,773t) U3O8 is a 26% increase over the previous year 2012 period, reflecting 96% of combined nameplate and in line with guidance. The continued solid and stable combined production over the past three quarters at LHM and KM of 6.11Mlb U3O8, with clear opportunities for continued improvement, place the company in a good position to achieve its stated production target guidance of 8.0 to 8.5Mlb U3O8 for the year 2013.