Boss Energy Limited (ASX:BOE) Releases FY26 Guidance
Operational Achievements
Boss Energy Limited has reported production guidance for FY26 at 1.6 million lbs U3O8, aligning with its growth strategy for the Honeymoon Uranium Project.
Financial Performance
The company has updated its C1 cash cost guidance to USD $27-29/lb and AISC to USD $41-45/lb for FY26, reflecting increased capital expenditure due to less continuity in mineralised horizons.
Future Outlook
Boss Energy identified potential challenges in achieving nameplate capacity as per the Enhanced Feasibility Study. An independent review will assess the impact on FY27 assumptions.
Stock Performance
Following the release of the FY26 Guidance Announcement, BOE’s share price fell by 44%, with significant increases in trading volumes.
Executive Comments
Managing Director/CEO Duncan Craib stated, “We are extremely proud to have met production guidance in our first year of operating Honeymoon. This is a major achievement and is a testament to our talented and committed team. It also confirms that the changes we made to the processing circuit at Honeymoon, including the adoption of the ion exchange technology, have met or exceeded our expectations.”
He added, “We have done exactly what we said we would do. Not once since announcing the Enhanced Feasibility Study in June 2021 have we revised Honeymoon’s cost or production guidance. And we have increased production in every successive quarter.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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