Paladin, Resolute Mining and Westgold shares rise on uranium guidance, 3 million-ounce resource and record FY2026 output
AI Market Summary
ASX miners reported stronger operating momentum: Westgold posted record FY2026 gold output above guidance and a sharply higher cash balance, while Resolute lifted its Cote d'Ivoire ABC gold resource to 3.0Moz and is expanding drilling. Paladin provided FY2027 uranium production and cost guidance following a successful ramp at Langer Heinrich. Collectively, the updates signal improved volume visibility and balance-sheet strength, supportive for gold and uranium-related risk appetite.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.72%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Paladin Energy issued FY2027 uranium production and cost guidance after a successful ramp-up at its Langer Heinrich mine. Resolute Mining said the mineral resource estimate at its ABC Project in Cote d'Ivoire increased to 3 million ounces of contained gold and it is expanding drilling. Westgold reported record FY2026 gold production of 387,354 ounces, beating guidance, and said its cash, bullion and liquid investments rose to $939 million.
