Coronado Q3 revenue $608M, down 9.7% qoq; cuts FY24 production & raises cost guidance

Coronado Global Resources Inc.

2023-Q3 EPS reported -$0.33 revenue$1,950,192,000

Group revenue $608M for Sep quarter (down 9.7% vs Jun); YTD revenue $1,950M (down 11.8% YoY).
Q3 ROM production 6.3 Mt (-14.9% qoq), saleable production 3.8 Mt (-6.9% qoq), sales 3.9 Mt (-3% qoq).
Revised FY24 guidance: saleable production 15.4-16.0 Mt (from 16.4-17.2), avg mining cost $105-110/t (from $95-99).
Issued $400M 9.250% Senior Secured Notes due 2029 to redeem $242.3M 10.750% notes due 2026; net cash $176M, net debt $93.9M.
US FY25 domestic met coal contracts completed at ~$159/t FOR, covering 40% of US production and 58% of mine cash costs.

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