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CGN Mining Co ( (HK:1164) ) just unveiled an update.
CGN Mining reported that uranium deposits in which it holds interests produced 580.9 tonnes of uranium in the first quarter of 2026, achieving 97.1% of the quarterly production plan. Output was led by its 49%-owned Kazakhstan associate Ortalyk at 426.4 tonnes, while Semizbay-U produced 154.5 tonnes, with a sulfuric acid shortage temporarily weighing on the Semizbay mine but not expected to affect full-year production.
On the trading side, the group held 967 tonnes of uranium inventory at the end of March 2026 at an average cost of US$80.60 per pound U3O8, alongside contracted but undelivered sales of 2,519 tonnes at an average price of US$89.20 per pound. New contracts and settlements in the quarter show active two-way trading, suggesting stable demand and pricing for its uranium portfolio, while management cautioned that the unaudited figures may fluctuate with market and operational conditions.
The most recent analyst rating on (HK:1164) stock is a Buy with a HK$3.67 price target. To see the full list of analyst forecasts on CGN Mining Co stock, see the HK:1164 Stock Forecast page.
More about CGN Mining Co
CGN Mining Company Limited is a Hong Kong-listed uranium producer and trader incorporated in the Cayman Islands, with core operations focused on natural uranium assets in Kazakhstan. The group holds minority interests in Semizbay-U LLP and Mining Company Ortalyk LLP, supporting its role in the global nuclear fuel supply chain through upstream production and physical uranium trading.
Average Trading Volume: 63,078,996
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$32.53B
See more data about 1164 stock on TipRanks’ Stock Analysis page.