Hallador Energy restructures Sunrise Coal Division, idles high-cost mines, cuts 110 jobs

HALLADOR ENERGY CO

Idles Freelandville and Prosperity Mines; reduces coal production capex by ~$10M in 2024.
Focuses on four lowest-cost units running 7 days/week; expects 4.5M tons annual output.
Workforce reduced by ~110 employees, primarily at Sunrise Coal, over next several days.
Transition from coal producer to vertically integrated independent power producer cited as rationale.

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