Boss Energy's Legacy Contract Sours In-Line 2Q Result -- Market Talk

Dow Jones
01/28

2358 GMT - While uranium miner Boss Energy's 2Q result was broadly in line with expectations, there were some negatives in the company's guidance that outweighed positive outcomes, says Ord Minnett. Boss reported 2Q output of 456,000 pounds of U308, a common compound of uranium. That was above consensus expectations of 409,000 lbs. Still, analyst Matthew Hope highlights a first mention of a legacy contract with pricing of some 65%-70% of spot. First deliveries under this contract are due to happen in the next six months. "This will go on for a few years as a total of 1.7 million lbs owed at max 250,000 lbs per annum, dragging down the realized price," Ord Minnett says. Boss is up 6.1% at A$1.91. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

January 27, 2026 18:58 ET (23:58 GMT)

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