Coronado revises FY24 production guidance to 15.4-16.0 Mt and costs to $105-110/t due to weather

Coronado Global Resources Inc.

FY24 saleable production cut to 15.4-16.0 Mt from 16.4-17.2 Mt; Curragh impacted by 3x average August rainfall and La Niña outlook.
Average mining cost per tonne sold raised to $105-110 from $95-99; lower production partially offset by fleet idling.
CapEx unchanged at $220-250M but expected at upper end due to accelerated Buchanan expansion works.
Plans to idle an additional 14 pieces of equipment at Curragh from October, bringing total idled fleets to six since April.
CEO cites Queensland extreme royalties as making operations less competitive; FY25 growth projects at Buchanan and Mammoth remain on track.

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