CGN Mining projects HK$40-90m loss for first half

CGN Mining Company Limited expects a loss of HK$40-90 million for the six months ending 30 June 2025, compared with a HK$113 million profit in the same period last year.

The projected loss stems from higher inventory costs (US$68-74 per pound U3O8) relative to selling prices (US$58-61 per pound U3O8) for natural uranium, plus reduced profit from joint ventures due to lower uranium prices.