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BUZZ-Aussie uranium miners extend gains as Cameco production halt lifts sentiment

ReutersJan 6, 2025 4:02 AM

** Australian uranium producers extend gains for a second consecutive session

** Stocks climb after a major Canadian uranium fuel provider announced it had suspended operations at its plant

** Paladin Energy PDN.AX and Boss Energy BOE.AX extended their rallies to gain as much as 6.9% and 6.5%, respectively

** Cameco, the Canadian uranium giant, said production was suspended last week at its Kazakhstan-based uranium plant Inkai

** Shares of Deep Yellow DYL.AX, which handles major uranium operations, surge 5.7% to hit their highest levels since early-Nov 2024

** PDN stock gained 4.3% on Friday, BOE added 5.2% while DYL ended the day 9.4% in the green

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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