secwatch.observer — SEC 8-K summary
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Issuer:     Coronado Global Resources Inc. (CODQL)
CIK:        0001770561
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001104659-24-097032
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770561/000110465924097032/0001104659-24-097032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770561/000110465924097032/tm2423369d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-097032

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