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CGN Mining Achieves 97% of Q1 Uranium Production Plan

-- CGN Mining (HKG:1164) said its uranium production for the first quarter of 2026 totaled 580.9 tonnes of uranium (tU), achieving 97% of the planned output of 598.4tU, according to a Thursday Hong Kong bourse filing.

Shares of the miner were down nearly 2% in Friday morning trade.

Production at its Semizbay-U joint venture reached 154.5tU, completing 89% of its quarterly plan, while output at its Ortalyk associate totaled 426.4tU, meeting 100% of target levels.

As of March 31, CGN Mining held 967tU, with an average cost of $80.60 per pound, and had undelivered contracted sales of 2,519tU at an average price of $89.20 per pound, the miner said.

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