Boss Energy jumps on reaffirmed production guidance
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More news: Shares in Boss Energy have jumped nearly 15% to $3.26 in early trading after the uranium miner said its flagship Honeymoon uranium project in South Australia is on track to meet its full-year production guidance.
Commercial production began on 1 January, and the miner reported a near doubling in its ion exchange plant production.
Boss Energy's Honeymoon to meet guidance as production begins
The news: Uranium miner Boss Energy said its flagship Honeymoon uranium project in South Australia is on track to meet its full-year production guidance, after commercial production began on 1 January 2025.
The numbers: Boss said Honeymoon is on track to meeting FY25 production guidance of 850,000 pounds of uranium yellowcake.
The company also published the project's maiden cost guidance of $37 to $41 per pound for the six months to 30 June.
Boss also received its first shipment of 35,181 pounds from its 30% owned Alta Mesa uranium operation in Texas, US.
The context: Boss said Honeymoon's cost guidance "compares favourably" to other uranium development projects, and in line with inflationary increases recorded since its enhanced feasibility study in 2021.
Managing director Duncan Craib said the "strong results" reflect "significant technical changes Boss has implemented at Honeymoon", central to the company's restart strategy.
The source: ASX announcement
