Australia's Coronado Global Resources gains on higher quarterly production

Coronado Global Resources

25/07/2024 02:10

** Shares of Coronado Global Resources  CRN.AX  rise 5.2% to
A$1.315, set for best day since July 2, if current gains hold
    ** Metallurgical coal producer posts group revenue of $674
mln for the June quarter, 1% higher than the March quarter 
    ** Says qtrly run-of-mine coal production 23.8% higher at
7.4 million tonnes (Mt), compared with the previous quarter
    ** Says sales volume 4.1 Mt, up 8.3% compared with the March
quarter
    ** CRN stock down ~29% YTD, as of last close

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))