Australia's Boss Energy leads uranium miners lower on downbeat forecast

Boss Energy

28/07/2025 02:33

Updates

** Uranium miner Boss Energy BOE.AX tumbles as much as 39.4% to A$2.060, posts biggest intraday pct loss since April 2008 and hits lowest level since March 11

** Peers Paladin Energy PDN.AX and Deep Yellow DYL.AX down 5.4% and 7.2%, respectively; uranium miners among biggest pct losers in the benchmark S&P/ASX 200 .AXJO index

** Boss Energy sees higher costs for its Honeymoon project in FY26 due to decline in average tenor

** Flags operational headwinds for Honeymoon project due to "potential for less continuity of mineralisation" for FY27 and beyond

** About 15.1 million Boss Energy shares change hands, 2.4x the 30-day average

** YTD, stock down ~10%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))