Coronado Q2: ROM coal up 24%, costs down 27%; reaffirms FY24 guidance

Coronado Global Resources Inc.

2024-Q2 EPS reported $0.10 revenue$1,341,977,000

Group Q2 revenue $674M; H1 $1,342M, down 10% YoY on lower met coal prices.
ROM coal 7.4Mt (+24% qoq); saleable 4.1Mt (+22%); avg mining costs $91.1/t (-27.5% qoq).
Realised met coal price $194.7/t (80.4% of PLV index $242/t, down 21% qoq).
Reaffirms FY24 guidance: saleable prodn 16.4-17.2Mt; avg mining costs $95-$99/t; capex $220-250M.
Buchanan mine fatality (Brock Jackson) on May 31; operations suspended, resumed June 3; investigation ongoing.

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