Australia's TerraCom hits over eight-year low on softer sales forecast

Terracom

07/04/2025 04:37

** Shares of TerraCom TER.AX fall 5.9% to A$0.064, their lowest level since June 29, 2016

** Mining resources co lowers FY2025 sales forecast to 1.6Mt from 1.8Mt for its Blair Athol coal mine in Queensland

** Co cites production and logistics impacted by recent severe weather conditions

** Stock on track for fifth consecutive session of decline

** About 2.7 mln shares change hands, vs the 30-day average of 2.6 mln shares

** Stock down 64.4% YTD

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))