secwatch.observer — SEC 8-K summary
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Issuer:     Coronado Global Resources Inc. (CODQL)
CIK:        0001770561
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001104659-24-111879
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770561/000110465924111879/0001104659-24-111879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770561/000110465924111879/tm2426939d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-111879

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