Boss Energy maintains FY26 guidance as rain impacts Honeymoon mine
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The news: Uranium miner Boss Energy has maintained its FY26 production guidance after warning that heavy rain is continuing to impact output at its flagship Honeymoon operation in South Australia.
The numbers: Prior to the rain, Boss expected that drummed uranium in the third quarter would be lower than the 456,000 pounds produced in the second quarter. The company said today that “significant rainfall” has further reduced expected production for the quarter to between 240,000 and 270,000 pounds.
Despite this expected reduction, Boss has retained its full-year production guidance of 1.6 million pounds.
The context: Boss said rain has restricted site access and limited the company’s ability to receive reagents and other goods required for production. Reagent deliveries and production are expected to resume by 14 March. In the meantime, Boss will continue with a planned shutdown to tie in new plant, wellfield and power infrastructure to enable increased production capacity.
Boss managing director Matthew Dusci said the team at Honeymoon are “focused on bringing online the additional IX columns, power upgrades and pumps over the coming weeks” which will “set up the operation for a record quarter of drummed production in the final quarter of this financial year.”
The source: ASX
