Changes in Hong Kong stocks | CGN Mining (01164) rose more than 4% in the third quarter, its mines produced a total of 642.4 tU of natural uranium. Previously, mining under Austrian companies was put into operation as scheduled

The Zhitong Finance App learned that CGN Mining (01164) rose by more than 4%. As of press release, it had risen 4.15% to HK$2.135, with a turnover of HK$309.64,400.

According to the news, CGN Mining announced that in the third quarter of 2026, the mines invested by the Group produced a total of 642.4 tU of natural uranium, with a planned completion rate of 101.8% for this quarter. Among them, the Kazakh joint venture Semizbay Uranium Limited Partnership (Xie Company), which holds 49% of the Group's shares, produces 160.5 tU of natural uranium; while the other Kazakh affiliate mining company Ortalek Limited Liability Partnership (Austrian Company), which holds 49% of the shares, produces 481.8 tU of natural uranium.

According to the Great Wall Securities Research Report, according to the existing production capacity and production plans of the deposit operated by Xie Company and Austrian Company, it is expected that CGN Mining will still have room to increase the contract sales volume during this contract period. The scheduled commissioning of mining under Austrian Company in July 2026 further strengthened the basis for the company's volume growth. Looking at the industry side, Great Wall Securities believes that the certainty and pace of implementation of new projects and the pace of decommissioning of stock mines will jointly dominate the subsequent uranium price trend. The long-term supply pressure caused by the continued decline in stock supply has not improved significantly, and the uranium price center is expected to continue to rise in this cycle.