BOSS ENERGY LTD (BOE.AU) saw its stock price plummet by 10.43% during intraday trading on Wednesday, marking a significant downward movement for the uranium producer.

The sharp decline appears to be directly linked to the company's announcement that it has cut its FY26 Honeymoon production guidance to 1.40M-1.45M pounds of U3O8, down from previous expectations. Additionally, the company indicated that its FY26 costs per pound will be at the upper end of its cost guidance range, citing impacts from fuel-related increases.

These dual negative developments - reduced production outlook and higher expected costs - likely triggered investor concern about near-term profitability and operational performance, leading to the substantial sell-off in the stock.