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Boss Energy ( (AU:BOE) ) just unveiled an update.
Boss Energy reported a challenging March quarter at its Honeymoon uranium operation, with production falling to 203,000 pounds of U3O8 and unit costs rising due to heavy rainfall, restricted site access and delays in commissioning key infrastructure. Nine‑month output reached 1.044 million pounds, but full‑year production guidance was cut to 1.40–1.45 million pounds, even as cost guidance was maintained toward the upper end of prior ranges.
Alta Mesa output also slipped to 97,000 pounds on a 100 percent basis because of permitting delays in Texas, though the company’s balance sheet remained strong with A$211 million in cash and liquid assets and an average realised uranium price of US$74 per pound. Boss is advancing a new feasibility study, updated mineral resource estimates and wide‑spaced wellfield designs at Honeymoon and nearby deposits, aiming to de‑risk its growth pathway and bolster long‑term uranium production despite near‑term operational setbacks.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.55 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
More about Boss Energy
Boss Energy Limited is an Australian uranium producer focused on the Honeymoon project in South Australia and the Alta Mesa project in Texas. The company operates in the nuclear fuel supply chain, targeting the global uranium market with a strategy of remaining strategically under-contracted while building physical inventory to leverage favorable pricing dynamics.
Average Trading Volume: 6,660,352
Technical Sentiment Signal: Sell
Current Market Cap: A$653.8M
Learn more about BOE stock on TipRanks’ Stock Analysis page.