On August 31, CGN MINING fell 5.75% in regular trading, trading at HK$2.71 per share, with turnover of approximately HK$32.18 million, extending weakness from the prior session.

The decline is a continuation of selling pressure following the company's interim results released on August 27. For the first half of the year, CGN MINING reported revenue of approximately HK$2.025 billion, up 19% year-over-year, while losses attributable to equity holders widened 18% to approximately HK$80 million. Sales costs rose 10% to HK$2.144 billion, driven by expanded uranium trading volumes. The loss widening was primarily caused by lower natural uranium sales volumes and higher unit production costs at its joint venture Semizbay-U and associate Ortalyk, which reduced their profits and the group's share of investment income accordingly.

The company had earlier flagged in July that its weighted average inventory cost exceeded contract selling prices during the period, warning of adverse gross profit impact. Despite prior market expectations of a profit warning, the confirmed results triggered concentrated selling pressure that has persisted across multiple trading sessions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)