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Coronado Global Resources Reports Q1 2026 Results, Announces Operational Reset and Logan Idling
Buchanan more than doubled EBITDA to US$30M in Q1 vs Q4 2025 despite weak pricing
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Coronado schedules Q1 2026 investor call for April 28 (AEST)
Call on Tuesday 28 April 2026 at 10am AEST / Monday 27 April at 8pm EDT.
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CEO Douglas Thompson resigns; Garold Spindler appointed Interim CEO effective Apr 1, 2026
Douglas G. Thompson resigns as CEO and Managing Director effective March 31, 2026 to pursue new opportunities.
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Coronado CDO Bitzer resigns, moves to part-time consulting for 6 months
Jeffrey D. Bitzer resigns as Chief Development Officer effective Feb 28, 2026.
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Coronado CEO Douglas Thompson resigns; Gerry Spindler planned as Interim CEO
CEO Douglas Thompson resigns to pursue new opportunities; effective date TBD, remains during transition.
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Coronado FY2025 net loss $432M on 22% revenue decline; guides FY2026 production 16-17 Mt
Net loss $432M vs $108.9M loss in FY2024; revenue $1,949.8M, down 22% on weaker met coal prices.
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Coronado: Mammoth mine restarts, Logan complex faces idling; PLV coal price lifts to $250/t
Mammoth Underground Mine operations resumed 11 Feb after fatal accident 2 Jan; full production expected in weeks subject to RSHQ safety measures.
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Coronado FY25 production up 4% to 16 Mt; costs down 9%; two fatal incidents reported
Saleable production 16 Mt (+4% YoY); avg mining costs $97.5/t (-9%); capital spend normalizing.
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Coronado to hold investor call Jan 27/28 for Q4 2025 results
Investor call on 28 Jan 2026 (AEST/AEDT) / 27 Jan 2026 (US EST) to discuss Q4 2025 quarterly report.
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Coronado enters AUD$406.6M ABL facility with Stanwell; amends coal supply pacts
ABL facility: AUD$406.6M (US$265M), replaces Oaktree facility, 9% interest (up to 12%), 5-year maturity.
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Coronado Q3 saleable production up 21% QoQ to 4.5 Mt; Stanwell liquidity deal adds $265M facility
Saleable production 4.5 Mt (+21% QoQ), highest since Q1 2021; ROM production 7.4 Mt (+6%).
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Coronado enters non-binding term sheet with Stanwell for US$265M facility and coal supply extension to 2043
US$265M, 5-year facility at 9-12% interest from Stanwell replaces existing Oaktree loan; covenant flexibility.
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Coronado Global to hold investor call on Oct 29/30, 2025 to discuss Q3 2025 quarterly report
Investor call scheduled for Oct 29, 2025 (US) / Oct 30, 2025 (Australia) at 7pm EDT / 9am AEST.
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Coronado ends noteholder negotiations, publicly releases confidential financial data
Entered NDAs with ad hoc group of 9.250% Senior Secured Notes due 2029 to discuss potential transactions.
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Coronado Global Resources reports HY25 net loss of $172.4M, production improvements expected in H2
Revenue fell to $917.1M from $1,342M; net loss $172.4M vs $16.2M profit in prior half-year.
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Coronado Global announces 2025 half-year results webcast for Aug 12 (AEST)
Results to be released Tuesday 12 Aug 2025 at 10am AEST / Monday 11 Aug 2025 at 8pm EDT.
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Coronado Q2 ROM production up 20% QoQ to 7.0 Mt; costs down 18%
ROM production 7.0 Mt (+20% QoQ); June set a 6-year monthly record; avg mining cost $92/t (down 18%).
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Coronado Global schedules Q2 2025 investor call for July 23/24
Investor call on July 24, 2025 (AEST) / July 23, 2025 (EDT) to discuss Q2 2025 quarterly report.
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Coronado enters new US$150M ABL facility with 15% interest, Oaktree affiliate as lender
New senior secured ABL facility of up to US$150M, with Highland Park XII Pte. Ltd. (Oaktree affiliate) as lender.
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Coronado secures up to US$150M liquidity from Stanwell via prepayment and rebate waiver
Stanwell provides ~US$75M prepayment and waives ~US$75M in ACSA rebates from Apr-Dec 2025, bearing 13% p.a. interest.
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Coronado signs $150M ABL facility with Oaktree; initial draw $75M to bolster liquidity
Binding commitment for 3-year ABL facility secured against receivables and inventory; initial draw of $75M at close.
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Coronado Global Resources stockholders elect all seven director nominees, approve say-on-pay and auditor
All seven director nominees elected by common stockholders with votes for each exceeding 109M vs ~0.4-0.7M withheld; Series A holder elected Laura Tyson with 1 vote.
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Coronado secures ABL waiver extension, cash covenant waived, liquidity plan progressing
Further ABL facility waiver extension secured; one undrawn lender exiting, no specific time limit.
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Coronado Global Resources Chief Legal Officer resigns effective June 30, 2025
Christopher P. Meyering resigns as VP and Chief Legal Officer, effective June 30, 2025.
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Coronado Q1 revenue $449M (-32.8% YoY); met coal pricing low, ABL covenant extended to May 31
Revenue $449M, down 19.4% QoQ and 32.8% YoY; realized met coal price $151.3/t (-7.3% QoQ, -25.9% YoY).
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Coronado schedules Q1 2025 investor call for April 29/30
Investor call on Wednesday 30 April 2025 at 10am AEST (Tuesday 29 April 8pm EDT).
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Director William Koeck will not stand for reelection at 2025 annual meeting
Bill Koeck notified the Board he will not seek reelection; term expires at 2025 Annual Meeting on June 3, 2025.
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Coronado FY2024: Net loss $109M vs profit $156M; revenue down 13% to $2.51B
FY2024 revenue $2,508M (down 13% YoY); net loss $109M vs net income $156M in FY2023.
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Coronado Global Resources schedules FY2024 results webcast for Feb 19 (US) / Feb 20 (AEST)
Full Year 2024 results presentation hosted by CEO Douglas Thompson on Feb 20, 2025 at 9am AEST / 10am AEDT.
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Coronado names Craig Manz COO; Jeff Bitzer appointed Chief Development Officer
Craig Manz, age 54, former VP Operations at Compass Minerals, appointed COO effective March 17, 2025.
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Coronado Q4 revenue $558M, FY rev $2.5B; costs down 17% QoQ; Mammoth mine first coal
Q4 ROM production 6.9 Mt (+8.8% QoQ); Saleable production 4.0 Mt (+4.1%); Sales 4.1 Mt (+4.7%).
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Coronado Global Resources announces Q4 2024 investor call on Jan 22/23, 2025
Investor call scheduled for Thursday 23 Jan 2025 (AEST) / Wednesday 22 Jan 2025 (EST) at 9am AEST/6pm EST.
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Coronado Global Resources appoints new CFO effective April 1, 2025; interim CFO named
Gerhard Ziems resigns as Group CFO effective Dec 31, 2024.
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Coronado receives regulatory approvals for Mammoth Underground Mine; first coal Dec 19
Regulatory approvals received for Mammoth Underground Mine at Curragh Complex in Queensland's Bowen Basin.
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Legal charges issued against Coronado subsidiary over fatal 2021 Curragh incident
Charges filed in Magistrates Court District of Emerald against Coronado Curragh Pty Ltd (CCPL).
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Coronado CFO Gerhard Ziems resigns to pursue new opportunities; global search underway
Chief Financial Officer Gerhard Ziems resigns; effective date not yet determined.
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Coronado Q3 revenue $608M, down 9.7% qoq; cuts FY24 production & raises cost guidance
Group revenue $608M for Sep quarter (down 9.7% vs Jun); YTD revenue $1,950M (down 11.8% YoY).
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Coronado Global schedules investor call for Q3 2024 results on Oct 28/29
Investor call hosted by CEO Douglas Thompson and CFO Gerhard Ziems.
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Coronado issues $400M 9.25% Senior Secured Notes due 2029 to refinance existing 10.75% notes
Issued $400M aggregate principal amount of 9.250% Senior Secured Notes due Oct 1, 2029.
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Coronado prices $400M 9.250% senior secured notes due 2029; proceeds to refinance higher-coupon 2026 notes
Priced $400M aggregate principal of 9.250% Senior Secured Notes due 2029; issued at par and oversubscribed.
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Coronado announces $400M senior secured notes offering to refinance 10.75% notes due 2026
Issuer Coronado Finance Pty Ltd offers $400M senior secured notes due 2029 in private placement.
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Coronado revises FY24 production guidance to 15.4-16.0 Mt and costs to $105-110/t due to weather
FY24 saleable production cut to 15.4-16.0 Mt from 16.4-17.2 Mt; Curragh impacted by 3x average August rainfall and La Niña outlook.
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Coronado HY24 net income down 92% to $16.2M; declares dividend; reaffirms FY24 guidance
Revenue $1.34B (-10% YoY); net income $16.2M (-92%); adj. EBITDA $135.4M (-62%).
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Coronado Global Resources awards $985K discretionary bonus to Executive Chairman for CEO transition
Board approved one-time cash bonus of $985,000 to Executive Chairman Garold Spindler on August 1, 2024.
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Coronado schedules 2024 half-year results webcast for August 6
Half-year results to be reported on Tuesday, 6 August 2024 at 10am AEST (Monday, 5 August at 8pm EDT).
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Coronado Q2: ROM coal up 24%, costs down 27%; reaffirms FY24 guidance
Group Q2 revenue $674M; H1 $1,342M, down 10% YoY on lower met coal prices.
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Coronado schedules investor call for Q2 quarterly report on July 25
Investor call to discuss Q2 quarterly report on July 25, 2024 (AEST) / July 24 (EDT).
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EMG terminates Sev.en Global's deal to acquire 51% stake in Coronado; regulatory delays cited
Binding agreement signed Sep 2023 for SGI to acquire EMG's 51% interest in Coronado.
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Coronado Global Resources shareholders elect eight directors, approve say-on-pay and auditor ratification
All eight director nominees elected; Series A holder Laura Tyson received 1 vote, common stockholders voted each with >114M votes.
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Coronado Q1 revenue $668M, sales 3.7Mt; reaffirms FY24 guidance
Group revenue $668M for March quarter; closing cash $225M; capital expenditure $72M.