CGN Mining's stock plummeted 5.24% during intraday trading on Tuesday, as the market reacted negatively to the company's latest financial and operational reports.

The decline follows the release of annual results showing revenue fell 20.2% year-over-year, dropping from HK$8.624 billion to HK$6.870 billion. Additionally, the company's first-quarter operational report revealed a production shortfall, with total natural uranium output of 580.9tU achieving only 97.1% of the quarterly plan.

Specific production challenges included tight sulfuric acid supply at the Semizbay joint venture, which contributed to the output miss. These negative developments overshadowed other positive aspects of the company's performance, including a 32.4% year-over-year increase in net profit to HK$453 million.