Uranium miner Paladin Energy says it achieved record production in the three months to December and has re-affirmed its full-year production targets.
Paladin shares rose significantly on the update, up 12.5 cents, or 8.2 per cent, to $1.655 at 1051 AEDT.
The Africa-focused company operates two mines, in Namibia and Malawi.
It said production from both sites totalled 1.82 million pounds in the December quarter, up 47 per cent from 1.24 million pounds in the September quarter.
Paladin, in a statement on Tuesday, said uranium sales in the December quarter were 1.32 million pounds, generating revenue of $US69.9 million ($A67.98 million).
The company maintained its guidance for full-year production in the range of 7.4 million to 7.9 million pounds.
The spot price of uranium was beginning to show signs of strengthening as new demand emerged, Paladin said.
As the impact of the Fukushima incident in Japan continued to work its way through the overall nuclear and uranium market, price improvement was anticipated throughout calender year 2012, it said.