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The latest update is out from Boss Energy ( (AU:BOE) ).
Boss Energy reported a strong December quarter, with record drummed uranium production of 455,791 pounds from its Honeymoon project, up 18% quarter-on-quarter, and ion-exchange production rising 8% on the back of higher flows from new wellfields. The company cut its cost guidance after achieving a C1 cash cost of $30/lb at Honeymoon, revising C1 guidance down to $36–40/lb and AISC to $60–64/lb, while reaffirming full-year FY26 production guidance of 1.6 million pounds. Although Alta Mesa’s total project output fell, Boss’s attributable share of drummed production increased, and the group ended the quarter with A$208 million in cash and liquid assets and 1.62 million pounds of uranium inventory, supporting its strategy to stay under-contracted at an average realised price of US$74/lb. A completed operational review at Honeymoon has led to a new feasibility study focused on a wide-spaced wellfield design that aims to further reduce operating costs, improve production profiles and extend mine life, underscoring Boss Energy’s efforts to consolidate its competitive position as uranium market conditions tighten.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.00 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 uranium project in South Australia and a stake in the Alta Mesa project in the United States. The company operates in the nuclear fuel supply chain, targeting growing demand from utilities and investors amid a tightening global uranium market, and maintains a strategy of remaining relatively under-contracted to maximise exposure to prevailing spot prices.
Average Trading Volume: 9,435,434
Technical Sentiment Signal: Sell
Current Market Cap: A$776.3M
For a thorough assessment of BOE stock, go to TipRanks’ Stock Analysis page.