Australia's Boss Energy hits 4-month low as uranium outlook cut for 2026

Boss Energy

30/04/2026 05:44

** Shares of Australia's Boss Energy BOE.AX fall as much as 8.5% to A$1.405, their lowest since December 30

** Uranium miner lowers FY26 production forecast to between 1.40 Mlbs and 1.45 Mlbs U3O8 drummed, from previous guidance of 1.6 Mlbs U3O8 drummed, primarily due to adverse weather conditions

** Co posts Honeymoon Q3 drummed production of 203 klbs U3O8, dropping 56% sequentially

** Reconfirms FY26 C1 cost guidance of A$36-40/lb and AISC guidance of A$60-64/lb towards the upper end

** Around 9.9 mln shares change hands, nearly 1.7x 30-day average

** BOE down 4.8% YTD

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))