Western Australia-based uranium production firm Paladin Energy has produced 948 tons of U3O8 at its Langer Heinrich and Kayelekera mines for the quarter ended 31 March 2014, compared with 904 tons for the same period a year ago.
Langer Heinrich produced 632 tons of U3O8, while Kayelekera produced 316 tons for the quarter.
At the Kayelekera mine uranium production was affected by transitioning the mine towards a care and maintenance status due to low uranium price and non-profitability of the operation.
During the quarter, sales of U3O8 were 2.405 million pounds, up from 1.920 million pounds a year ago, while revenues dropped to $88.56m from $106m in the last year.
As announced in February, the company expects to produce up to eight million pounds of U3O8 in the fiscal 2014.
In January, Paladin said it had agreed to sell a 25% joint-venture equity stake in Langer Heinrich uranium mining operation in Namibia to China Uranium, a wholly-owned subsidiary of CNNC, a Chinese nuclear utility, for $190m. The transaction is subject to Chinese regulatory approvals, which is expected to be obtained by June 2014.