secwatch.observer — SEC 8-K summary
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Issuer:     Coronado Global Resources Inc. (CODQL)
CIK:        0001770561
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001104659-25-041648
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coronado Q1 revenue $449M (-32.8% YoY); met coal pricing low, ABL covenant extended to May 31
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- Revenue $449M, down 19.4% QoQ and 32.8% YoY; realized met coal price $151.3/t (-7.3% QoQ, -25.9% YoY).
- Total liquidity $325M ($229M cash, $96M ABL); ABL covenant test deferred to 31 May 2025 with cash-backing condition.
- ROM production 5.8 Mt (-14.8% QoQ, -2.3% YoY); sales 3.4 Mt (-16.2% QoQ, -7.9% YoY).
- Cost cuts of up to $100M expected; average mining costs down 10% YoY.
- Buchanan expansion ~90% complete, on budget, expected June 2025; Mammoth to add 2 Mt/yr by Q1 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770561/000110465925041648/0001104659-25-041648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770561/000110465925041648/tm2513561d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-041648

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer