The West

Paladin still battles weak uranium price

Uranium miner Paladin Energy's revenue has fallen as the price of the nuclear energy source continues to decline.

The company's sales revenue of $US88.56 million in the three months to March 31 was down from $US106 million in the same period a year earlier.

Its average sales price in the March quarter was $US36.82 per pound, down from $US38.40 in the first six months of the 2013/14 financial year, and $US55.22 in same quarter a year earlier.

The company said the term contracting market had begun to show activity, and it believes that will strengthen the term price as the year progresses.

Paladin has ceased mining at its Kayelekera mine in Malawi due to the depressed price for uranium oxide.

The company's shares were up one cent at 46 cents at 1.10pm.

The West Australian

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