中广核矿业(01164.HK)第四季度旗下矿山共生产天然铀702.5tU

Core Viewpoint - China General Nuclear Power Corporation (CGN) Mining reported strong production figures for natural uranium in 2025, with both joint ventures exceeding their annual production targets, indicating robust operational performance and potential for future growth [1] Group 1: Production Performance - In 2025, the joint venture Semizbay-Uranium LLC, in which CGN holds a 49% stake, produced 862.2 tons of natural uranium, achieving a completion rate of 100.1% of its annual plan [1] - The other joint venture, Ortalyk LLP, also with a 49% stake, produced 1,836.8 tons of natural uranium, with a completion rate of 102.0% [1] - For the fourth quarter of 2025, CGN's mines produced a total of 702.5 tons of natural uranium, with a completion rate of 94.6% [2] Group 2: Uranium Holdings and Pricing - As of December 31, 2025, CGN held 929 tons of natural uranium (approximately 242 million pounds of U3O8) at a weighted average cost of $73.83 per pound of U3O8 [1] - The company has signed contracts for an additional 3,019 tons of natural uranium (approximately 785 million pounds of U3O8) with a weighted average selling price of $81.59 per pound of U3O8 [1]