Yancoal Australia's Output, Sales Surge in Q3

MT Newswires Live10-17

Yancoal Australia (ASX:YAL, HKG:3668) recorded a 10% rise in attributable production volume of saleable coal to 10.2 million tons in the third quarter of 2024 from 9.3 million tons a year prior, according to a Thursday bourse disclosure.

Attributable sales during the quarter rose by 20% year over year to 10.4 million tons from 8.6 million tons in Q3 2023.

For the nine months ended Sept. 30, attributable output and sales grew by 15% and 19%, respectively, to 27.2 million tons and 27.3 million tons.

The average realized price for the coal producer fell by 14% year over year during the third quarter to AU$170 per ton and 28% in Q1-Q3 to AU$177 per ton.

Australia-listed shares of the firm closed over 1% lower on Thursday, while its Hong Kong-listed shares finished marginally lower.

Price (HKD): $30.85, Change: $-0.100, Percent Change: -0.32%

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