CGN Mining details Q3 2025 uranium production and trading

CGN Mining Company Limited announced that its natural uranium deposits produced 644.3 tU in the third quarter of 2025, achieving 96.5% of the planned output for the quarter. Semizbay-U, a 49% owned joint venture, contributed 184.5 tU, while Ortalyk, a 49% owned associate, produced 459.7 tU. The company noted that Semizbay-U and Ortalyk reduced their Q3 production due to exceeding plans in the first half of 2025, with cumulative plan completion rates of 100.9% and 107.5% respectively.

As of September 30, 2025, CGN Mining held 1,454 tU of natural uranium with a weighted average cost of $71.8 per pound U3O8. The company also had contracted but undelivered natural uranium sales totaling 3,965 tU, with a weighted average selling price of $81.40 per pound U3O8.

During the third quarter, the company entered into new procurement contracts for 675 tU at a weighted average price of $76.82 per pound U3O8 and sales contracts for 867 tU at $75.93 per pound U3O8. Natural uranium settlement included receipts from suppliers of 1,042 tU at $76.69 per pound U3O8 and deliveries to customers of 1,158 tU at $75.18 per pound U3O8.