Brief: Coronado Global Resources Posts Qtrly Group Saleable Production Of 4.5 MT

Coronado Global Resources

21/07/2023 02:29

July 21 (Reuters) - Coronado Global Resources  CRN.AX :
    * QTRLY  GROUP SALEABLE PRODUCTION OF 4.5 MT UP 22.0%
COMPARED TO
MARCH QUARTER
    * QTRLY GROUP ROM COAL PRODUCTION OF 7.2 MT UP 15.3%
COMPARED TO
MARCH QUARTER
    * JUNE QUARTER GROUP REVENUE OF $728 MILLION
    * GROUP CAPITAL EXPENDITURE FOR JUNE QUARTER WAS $48 MILLION
    * GROUP COAL SALES VOLUMES FOR JUNE QUARTER WERE 4.0 MT, UP
8.3%
COMPARED TO MARCH QUARTER
    * JUNE QUARTER GROUP REALISED PRICE PER TONNE OF MET COAL
SOLD WAS
$219.5 PER TONNE DOWN 8.4% ON MARCH QUARTER
    * EXPECTS PRICING FOR METALLURGICAL COALS TO REMAIN ABOVE
THE
LONG-TERM AVERAGE PRICE OF $192 PER TONNE
    * EXPECTS H2 2023 AVERAGE MINING COSTS PER TONNE SOLD TO BE
LOWER
    * FY23 CAPITAL EXPENDITURE IS EXPECTED TO BE HIGHER IN 2023
    * ROLL-OUT OF THE TECHNOLOGY ON ALL OF CURRAGH’S DRAGLINE
FLEET IS
EXPECTED BY THE END OF 2023

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