Honeymoon production rises 61% to 1.407 million pounds of uranium in FY26
Key Facts
Honeymoon produced about 1.407 million pounds of uranium oxide U₃O₈ in fiscal 2026, up 61% from the previous year, according to Boss Energy’s published project data. The figures provide an operational picture of the mine after a year of production growth, while the available materials do not substantiate claims that the company’s shares rose 9% or that quarterly revenue exceeded market expectations. Nor do these materials support talk of an earnings surprise or future revenue guidance. Rather than quarterly financial results, the company’s latest visible disclosure is its activities report for the quarter ended September 2026, the first quarter of fiscal 2027. The attributable information here therefore focuses on Honeymoon’s production, costs and development background.
Boss Energy said C1 costs at Honeymoon were A$39 per pound in FY26, while all-in sustaining costs (AISC) were A$61 per pound. The company said both measures were within revised guidance, putting actual cost performance in the context of its announced operational targets. This allows costs to be considered alongside the 61% annual increase in production, without turning these figures into a judgment on revenue or earnings. The available information includes no quarterly cost comparison or analyst estimates against which to measure performance. It also provides no further details on the factors that drove per-pound costs during the year.
Honeymoon returned to operation in April 2024, after redevelopment and a commissioning phase, according to the company. Since operations resumed, the mine has become the focus of Boss Energy’s activity in South Australia, while the company also owns a 30% stake in the Alta Mesa project in South Texas. These assets place the company in uranium mining through its Australian project and its interest in the U.S. project. However, the information provided includes no production or cost data for Alta Mesa and does not allow its contribution to be compared with Honeymoon’s performance. The published FY26 figures remain specific to the Australian mine’s production.
On operating capacity, Honeymoon had six producing wellfields and five NIMCIX columns in operation on June 30, 2026, according to Boss Energy. The disclosure sets out the scale of the operating infrastructure at the end of the financial year, alongside FY26 production of 1.407 million pounds. No comparable figures for the previous period on the number of wellfields or columns were provided, so an annual comparison of these indicators is unavailable. The information also does not detail a direct link between the number of wellfields or columns and the production rate or per-pound costs. These figures remain a description of the mine’s operating status on the stated date.
Boss Energy announced a new feasibility study for Honeymoon in August 2026, based on a wider-spaced well design intended to improve production efficiency and reduce operating costs. The announcement follows higher production in FY26, while C1 and AISC costs were within revised guidance. The company links the study to efficiency improvements and lower costs, but the available information provides no quantitative estimate of the expected impact or timeline for implementing the design. The published production and cost figures therefore describe achieved performance, while the well design is the focus of the announced study. The materials provide no specific later date for the study’s results or a subsequent operational update.