CGN Mining Posts Solid Q1 2026 Uranium Output and Active Trading Position
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CGN Mining Co (HK:1164) reported a solid Q1 2026 with uranium production of 580.9 tonnes, achieving 97.1% of its target. The output was primarily from its Kazakhstan associate Ortalyk (426.4 tonnes) and Semizbay-U (154.5 tonnes), despite a temporary sulfuric acid shortage. The company held 967 tonnes of uranium inventory at an average cost of US$80.60 per pound and has contracted sales of 2,519 tonnes at US$89.20 per pound. Analysts rate the stock as a Buy with a price target of HK$3.67, reflecting stable demand and pricing in the uranium market.
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