SMR stanmore resources limited
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News: SMR Stanmore Coal Posts March Qtr Sales Of 615Kt

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    09/04/20
    16:35
    Post #: 43977691

    April 9 (Reuters) - Stanmore Coal Ltd (SMR) :

    • MARCH QUARTER COAL MINING WITH 813KT ROM MINED AND 665KT SALEABLE COAL PRODUCED
    • FY COST GUIDANCE MAINTAINED AT A$107/T WITH PRODUCTION GUIDANCE ON TRACK AT 2.35MT SALEABLE COAL PRODUCED
    • FY20 UNDERLYING EBITDA GUIDANCE OF $92M TO $100M
    • MARCH QUARTER SALES OF 615KT AT AN AVERAGE ACHIEVED PRICE OF US$100/TONNE
    • RECOMMENDS SHAREHOLDERS TAKE NO ACTION REGARDING GOLDEN INVESTMENTS TAKEOVER OFFER UNTIL CO'S TARGET STATEMENT IS RELEASED
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