earnings
confidence high
sentiment positive
materiality 0.75
Coronado Q2 operational rebound: ROM production +18.4%, cash costs -27.7%, returns to positive earnings
Coronado Global Resources Inc.
- Group ROM production 6.4Mt (+18.4% QoQ); Saleable production 4.1Mt (+39.3% QoQ).
- Mining cash costs fell 27.7% to $97.9/t; Curragh costs down 33.5% to $98.9/t.
- Buchanan record H1 ROM 4.7Mt (+26.2% YoY), ~$63M earnings YTD.
- Cash at quarter end ~$98M; sale of Logan Complex expected to close soon.
- Return to positive earnings with ~$100M improvement vs March quarter.