other material
confidence high
sentiment negative
materiality 0.75
Coronado cuts FY22 saleable production guidance, declares $225M special dividend, discusses Peabody merger
Coronado Global Resources Inc.
- FY22 saleable production revised down to 16.9–17.1 Mt from 18.0–19.0 Mt due to wet weather.
- Declares $225M special dividend (US$0.134212/CDI) payable Dec 12, 2022; also offers up to $200M note purchase.
- Q3 2022 revenue $874.7M (-15.3% QoQ); YTD revenue $2,854.5M (+107.8% YoY).
- Confidential combination discussions with Peabody Energy (BTU); no certainty of a deal.
- Group average mining cost per tonne sold guidance raised to $81–$83 from $79–$81 due to inflation and weather.