Price: 363.40

No Opinion

KAZATOMPROM results -price pressures seenToday 14:09

from Kazatomprom results release today...period ending dec 31st 2022

https://www.investegate.co.uk/jsc-nac-kazatomprom--kap-/rns/kazatomprom-2022-financial-results/202303170700013469T/

The decrease in production guidance for 2023 in comparison to 2022 is mainly due to continued delays and/or limited access to certain key materials, including sulfuric acid, and equipment impacting the wellfield commissioning schedule in 2022.

and

Wellfield development, procurement and supply chain issues, including inflationary pressure on production materials and reagents, are expected to continue throughout 2023, impacting the Company's financial metrics and giving rise to an expectation that C1 cash cost and All-in Sustaining cash cost will be higher in 2023 than in 2022 Changes to the tax code of the Republic of Kazakhstan on Mineral Extraction Tax, which came into effect in 2023, will have an additional impact on the Company's financial performance. The expenditures related to the local social funding requests are possible as well. However, these risks cannot be quantified or estimated at this time.

and

The Company continues to target an ongoing inventory level of approximately six to seven months of annual attributable production The Company may purchase uranium from the spot market, while continuing to monitor market conditions for opportunities to optimise its inventory.

discovered about 2 years ago




See all items from the same source