Peabody updates Centurion met coal mine: NPV $1.6B, first coal shipped Q4, longwall in March 2026

PEABODY ENERGY CORP

Integrated mine plan complete with estimated NPV of $1.6B and 25% IRR at $210/metric ton benchmark price.
Average annual production 4.7M tons at $105/ton cost over 25+ year mine life.
About $250M of $489M initial development capital spent by Sept 30; longwall production targeted for March 2026.
First development coal produced June 2024; first cargo expected Q4 2024.
Centurion repositions Peabody as primarily a metallurgical coal producer.

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