Australia's Coronado Global slips on trimming full-year production forecast
Yesterday 03:32
BUZZ-Australia's Coronado Global slips on trimming full-year production forecast ** Shares of Coronado Global Resources CRN.AX fall as much as 11.1% to A$0.16, on track to log worst session since August 11
** The coal producer trims its 2026 guidance for saleable production to 14mt - 14.5mt from 16mt - 17mt and raises its forecast for mining cash costs to $105-$110 per tonne from $88-$96 per tonne
** Cites geological issues at Buchanan mine, slower than expected Mammoth ramp-up, among other challenges
** Stock down 48% YTD, including the session's moves
(Reporting by Anjali Singh in Bengaluru)
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