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HK stocks abnormal change: CNBM Mining (01164) fell nearly 5% again, and the market is concerned that the increase in mining tax in Kazakhstan will affect the company's profits.
CGN Mining (01164) fell nearly 5% again, with a cumulative decline of nearly 30% from early June to now. As of the time of publication, it fell by 4.89% to HKD 2.14, with a turnover of HKD 12.9945 million.
Could The Market Be Wrong About CGN Mining Company Limited (HKG:1164) Given Its Attractive Financial Prospects?
HK stocks fluctuate | CGN Mining (01164) plunged more than 7% as Kazakhstan raised uranium mining taxes, which will have a negative impact on the company's profits in the long term.
CGN Mining (01164) plummeted more than 7% after opening, with a low of HKD 2.06, down over 33% from its high in June. As of press time, it fell 2.19% to HKD 2.23 with a turnover of HKD 27.1927 million.
CGN Mining's Q2 Uranium Production Surpasses Targets
CGN Mining Co: Q2 Uranium Production Surpasses Goals
CGN Mining (01164.HK) produced a total of 727.4 tons of natural uranium in the second quarter, with a completion rate of 101.5% for its investments in mines.
On July 16, Guolong News reported that CGN Mining (01164.HK) announced that in the second quarter of 2024, the mines invested by the group produced a total of 727.4 tons of natural uranium, with a completion rate of 101.5% for this quarter. Among them, Shemi-Baiyi uranium limited liability partnership, a joint venture in Kazakhstan in which the group holds a 49% stake, produced 239.4 tons of natural uranium, while Altaric Limited Liability Partnership, a joint venture in Kazakhstan in which the group holds a 49% stake, produced 488.1 tons of natural uranium. As of June 30, 2024, the Group held
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