PERTH, WESTERN AUSTRALIA — (Marketwired) — 11/14/13 — Paladin Energy Ltd („Paladin“ or „the Company“) (TSX: PDN)(ASX: PDN) announces the release of its consolidated Financial Report for the three months ended 30 September 2013. The Financial Report is appended to this News Release.
HIGHLIGHTS
OPERATIONS
SALES AND REVENUE
CORPORATE
(1) C1 cost of production = cost of production excluding product distribution costs, sales royalties and depreciation and amortisation before adjustment for impairment. C1 cost, which is non-IFRS information, is a widely used -industry standard- term.
Results
(References below to 2013 and 2012 are to the equivalent three months ended 30 September 2013 and 2012 respectively).
The documents comprising the Financial Report for the three months ended 30 September 2013, including the Management Discussion and Analysis, Financial Statements and Certifications and will be filed with the Company-s other documents on Sedar (sedar.com) and on the Company-s website (paladinenergy.com.au).
Generally Accepted Accounting Practice
The news release includes non-GAAP performance measures: C1 cost of production, non-cash costs as well as other income and expenses. The Company believes that, in addition to the conventional measures prepared in accordance with GAAP, the Company and certain investors use this information to evaluate the Company-s performance and ability to generate cash flow. The additional information provided herein should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.
Declaration
The information in this Announcement relating to exploration and mineral resources is, except where stated, based on information compiled by David Princep B.Sc who is a Fellow of the AusIMM. Mr Princep has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the „Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves“, and as a Qualified Person as defined in NI 43-101. Mr Princep is a full-time employee of Paladin Energy Ltd and consents to the inclusion of this information in the form and context in which it appears.
Conference Call
Conference Call and Investor Update is scheduled for 06:30 Perth & Hong Kong, Friday 15 November 2013, 17:30 Toronto and 22:30 London, Thursday 14 November 2013. Details are included in a separate news release dated 11 November 2013.
ACN 061 681 098
Contacts: Paladin Energy Ltd John Borshoff Managing Director/CEO +61-8-9381-4366 or Mobile: +61-419-912-571
Paladin Energy Ltd Alan Rule Chief Financial Officer +61-8-9381-4366 or Mobile: +61-438- 942-144
Paladin Energy Ltd Andrew Mirco Investor Relations Contact +61-8-9381-4366 or Mobile: +61-409-087-171
Paladin Energy Ltd Greg Taylor Investor Relations Contact +1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)
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