Top uranium producer Kazatomprom says half-year net profit up 33% amid rising uranium prices

Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – Kazakhstan’s Kazatomprom (LSE: KAP), the world’s largest uranium producer, announced today that the company produced 5,411 tonnes of uranium (as U3O8) in H1 2023 on an attributable basis, unchanged from H1 2022 (5,414 tonnes).

According to a press release, overall, uranium production in Kazakhstan (100% of KAP and its partners’ production) was 10,225 tonnes in H1 2023, up 2% compared to H1 2022 (10,070 tonnes).

In H1 2023, KAP sales volumes were 7% higher compared to the same period in 2022, primarily due to timing of customer-scheduled deliveries.

The company’s average realized uranium price for the first half of 2023 of US$46.63/lb was 17% higher compared to the same period in 2022 (US$39.70/lb) due to […]

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