Paladin Energy's (ASX: PDN) shares have jumped another 12.1% intra-day today to $0.555 after refinancing two important debt facilities, with volume passing 20 million shares.
For the week Paladin is up 22%, which is around a 15-week high following the stock touching $0.38 in October.
Earlier in the trading day uranium miner successfully refinanced the Langer Heinrich and Kayelekera facilities.
This new facility will provide cash flow benefits to both projects and places Paladin in an improved financial position.
The annual principal repayments across both projects will be reduced from US$53.8 million per annum to US$18.3 million per annum in calendar year 2014. The first repayment is not due until June 2014.
For the December quarter Paladin had sales revenue of US$101.75 million, selling 2,774,814 pounds U3O8 at average price of US$36.67 per pound.
The company had record combined production for its Langer Heinrich and Kayelekera mines for the period, demonstrating stable operations near or above budget production and below budget unit cost. The combined production was 2.208 million pounds (1,001 tonnes) U3O8.
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