Boss Energy Ltd (BOE.AU), an ASX 200 uranium stock, saw its shares surge by 16.59% in Thursday's pre-market trading following the release of impressive production and sales results for the quarter ending March 31. The company's strong performance at its South Australian Honeymoon project has caught investors' attention, driving the stock to outperform the broader market significantly.

The uranium producer reported a 15% increase in ion exchange (IX) uranium production, reaching 246,869 pounds for the quarter. More notably, U3O8 production skyrocketed by 116% to 295,819 pounds. February saw record production levels, with 123,188 pounds of U3O8 drummed, equivalent to an annualized run-rate of approximately 1.5 million pounds. Despite some commissioning challenges, Boss Energy remains on track to meet its guidance of 850,000 pounds of U3O8 drummed for the financial year ending June 30, 2025.

Managing Director Duncan Craib highlighted the company's strong sales performance, stating, "We achieved strong sales of product during the quarter of 268,000 lbs of uranium at an average sales price of US$84 per pound, which has generated US$22.4 million of cash." The positive results, combined with a favorable market environment for uranium stocks and overall market gains, have contributed to the significant uptick in Boss Energy's share price. As of March 31, the company reported a substantial uranium inventory of 1.12 million pounds, further solidifying its position in the market.