Brief: Coronado Global Resources Says Curragh Underground Expected To Produce First Coal In Late 2024

Coronado Global Resources

20/02/2024 01:38

Feb 20 (Reuters) - Coronado Global Resources Inc
 CRN.AX :
    * CURRAGH UNDERGROUND IS EXPECTED TO PRODUCE FIRST COAL IN
LATE
2024
    * TARGETING HIGHER PRODUCTION RATES, LOWER COSTS, AND
IMPROVED
MARGINS IN FY24
    * BI-ANNUAL FIXED, FULLY FRANKED, DIVIDEND OF US 0.5 CENTS
PER CDI
DECLARED
    * SEES FY SALEABLE PRODUCTION OF 16.4 – 17.2 MMT
    * IMPROVING EFFICIENCIES AND REDUCING COSTS WILL SEE US
REMOVE
THREE FLEETS IN Q1 OF FY24
    * SEES FY CAPEX OF $220 MILLION - $250 MILLION
    * SALEABLE PRODUCTION IS EXPECTED TO INCREASE IN THE U.S. IN
FY24
    * SEES FY24 MINING COST PER TONNE SOLD $95 - $99
    * WILL CONTINUE TO REINVEST IN ITS EXPANSIONARY ORGANIC
GROWTH
PROJECTS AT CURRAGH AND BUCHANAN

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