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

Bulletin Express
10/21

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.

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