Australian uranium miner Boss Energy gains on higher quarterly output

Boss Energy

28/01/2026 03:22

Updates

** Shares of Boss Energy BOE.AX rise as much as 11.7% to A$2.01 in early trade, hitting their highest since November 3

** Stock logs biggest intraday pct gain since January 19

** Uranium miner logs Q2 drummed production of 455,791 lbs of U3O8 from its flagship Honeymoon project in South Australia, up 18% from Q1

** Jefferies says production a modest miss to expectations

** Sees weaker drummed production next quarter due to a decline in uranium concentration going into processing, and lower opening inventory

** However, brokerage sees production bouncing back in Q4, with a full quarter of output from wellfield B5 being recorded and wellfield B6 coming online near the end of FY26

** Stock up 34.3% in January after a 39.7% fall in 2025

 (Reporting by Nikita Maria Jino and Shruti Agarwal in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com))