Top uranium miner Kazatomprom’s production down 11% in Q2 2022 due to supply chain issues

Top uranium miner Kazatomprom’s production down 11% in Q2 2022 due to supply chain issues

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Kazakhstan’s Kazatomprom (LSE: KAP), the world’s largest uranium producer, announced today that the company produced 2,729 tonnes of uranium (as U3O8) in Q2 2022 on an attributable basis, which is 11% lower than in Q2 2021 (3,073 tonnes).

According to the company’s press-release, overall, uranium production in Kazakhstan (100% of KAP and its partners’ production) was 5,116 tonnes in Q2 2022, a 7% decline over Q2 2021 (5,526 tonnes).

"Production on a 100% basis was lower in the second quarter compared to the same period in 2021, due to the impact of the COVID-19 pandemic on wellfield development in 2021," the company said in a statement.

KAP explained that there is typically an eight- to ten-month lag […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet