CGN MINING (01164) Announces Annual Results: Profit Attributable to Owners Rises 32.39% to HK$453 Million

Stock News03-26

CGN MINING (01164) has disclosed its annual results for the period ending December 31, 2025. The group reported revenue of HK$6.87 billion, representing a decrease of 20.34% compared to the previous year. Profit attributable to owners of the company amounted to HK$453 million, marking an increase of 32.39% year-on-year. Basic earnings per share were HK5.96 cents, and the company proposed a final dividend of HK1.4 cents per share.

During the reporting period, the company arranged production based on 80% of its designed capacity. The planned uranium production volume for 2025 was 861 tU, while the actual production reached 862 tU, achieving 100% of the annual target. This included 397 tU from the Xie mine, with a production cost of $37 per pound of U3O8, and 465 tU from the Yi mine, with a production cost of $31 per pound of U3O8. After accounting for processing losses, the total natural uranium production for the year was 855 tU.

Currently, the Xie and Yi mines are experiencing increasing mining challenges and cost control pressures due to changes in resource endowments and mining conditions. However, benefiting from the recovery in the natural uranium market, the overall operational fundamentals are expected to remain stable, providing support for future development.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment