Uranium production will fall well short of subsoil use agreement
Kazatomprom, the world's top uranium producer, slashed its production guidance as construction issues and the ongoing sulphuric acid shortage in Kazakhstan continue to stymie expansion plans.The miner cut its 2025 production guidance to 25,000- 26,500t, down from previously stated guidance of 30,500-31,500t, although still higher than the 22,500-23,500t guided for this year.
The miner is also facing ongoing construction delays preventing it from reaching new deposits. Due to the ongoing uncertainty around acid supply and construction delays, Kazatomprom has said that it will issue no guidance for 2026 and beyond until at least a year from now.Revenues upMeanwhile, Kazatomprom reported net profits for the first half were up by 27% year-on-year to 283.2 billion Kazakhstani tenge , thanks to higher uranium prices.Revenues were up 13% YoY at 701.1 billion tenge.
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