CGN Mining flags hit to 1H gross profit at Global Uranium unit on inventory cost mismatch
URA•Full-year plan seen as stable
It expects the timing shift to have no material adverse impact on its full-year business plan, with operations across segments seen as broadly stable.
Potential gross profit hit at uranium trading unit
CGN Mining flagged a potential hit to gross profit at its uranium trading unit for the January–June 2026 period, citing inventories carried at a weighted-average cost above selling prices under contracts executed in the period.
The group also deferred performance and product deliveries under certain annual natural uranium off-take contracts to the second half to meet customer delivery needs.
