earnings
confidence high
sentiment neutral
materiality 0.75
Coronado Q4 revenue $558M, FY rev $2.5B; costs down 17% QoQ; Mammoth mine first coal
Coronado Global Resources Inc.
2024-FY EPS reported
-$0.65
revenue$2,507,713,000
- Q4 ROM production 6.9 Mt (+8.8% QoQ); Saleable production 4.0 Mt (+4.1%); Sales 4.1 Mt (+4.7%).
- FY2024 revenue $2,508M vs $2,891M in FY2023 (-13.2%); lower met coal prices drove decline.
- Average realised met price $163.2/t (-9.1% QoQ); Average mining cost $97.3/t (-17.3% QoQ).
- Cash $340M; available liquidity $468M; net debt $85M. Mammoth Underground delivered first coal on time/budget.
- CFO Gerhard Ziems resigned; Barrie van der Merwe appointed effective 1 April 2025. Full year capex $250M.