CGN Mining (01164) Releases Q3 2025 Update: Uranium Production at 96.5% of Plan, Costs Averaging US$71.8 per Pound

Bulletin Express
Oct 21

CGN Mining (01164) published its third-quarter 2025 operational results, reporting natural uranium production of 644.3 tonnes of uranium (tU), completing 96.5% of the quarterly production plan. Of this total, Semizbay-U Limited Liability Partnership, a 49%-owned joint venture in Kazakhstan, contributed 184.5 tU, and Mining Company “ORTALYK” LLP, a 49%-owned associate in Kazakhstan, accounted for 459.7 tU.

By the end of September 2025, CGN Mining (01164) held 1,454 tU of natural uranium (approximately 3.78 million pounds of U3O8) at a weighted average cost of US$71.8 per pound. The enterprise also reported contracted but not yet delivered sales of 3,965 tU (approximately 10.31 million pounds of U3O8), with a weighted average selling price of US$81.40 per pound.

During the third quarter, new procurement contracts totaling 675 tU were signed at a weighted average price of US$76.82 per pound, and new sales contracts totaling 867 tU were signed at US$75.93 per pound. Actual receipts from suppliers reached 1,042 tU at US$76.69 per pound, while 1,158 tU were delivered to customers at US$75.18 per pound. The data provided is unaudited, subject to potential revisions, and does not serve as a performance forecast. Further caution is advised when interpreting these figures.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10