Coronado Global's Q3 Run-of-Mine Production Down Nearly 15%

MT Newswires Live10-29

Coronado Global Resources (ASX:CRN) said its run-of-mine output fell almost 15% to 6.3 million tonnes in the third quarter from 7.4 million tonnes in the preceding three-month period, according to a Tuesday filing with the Australian bourse.

Australian output for the three months ended Sept. 30 fell nearly 31% quarter on quarter to 2.6 million tonnes, while US output rose 1.7% to 3.7 million tonnes.

Group saleable production declined 6.9% to 3.8 million tonnes, the filing said. Sales volumes were down 3% to 3.9 million tonnes.

The mining company's revenue reached $608.2 million, down 9.7% from $673.8 million in the June quarter.

For 2024, the company said it anticipates saleable production in the range of 15.4 million to 16 million tonnes, supported by capital expenditure of $220 million to $250 million.

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