YAL yancoal australia limited

Ann: Quaterly Activities Report - 3Q 2024, page-6

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    Cash Position: Yancoal reported a $430 million increase in cash balance during Q3, bringing the total cash to $1.98 billion as of September 30, 2024
    This strong cash generation from coal sales, despite lower realized prices, demonstrates the company's robust financial health.


    Operational Performance: Yancoal's coal production increased by 26% compared to the previous quarter, with 17.5Mt of ROM coal produced. This operational growth is a positive signal for sustained profitability


    With almost $2 billion in cash and no interest-bearing debt, Yancoal has the financial flexibility to announce a dividend soon, possibly at the end of 2024 or early 2025 but Anglo asset purchase is very strong on cards with this kind of cash in hand...

    Last edited by Raki: 17/10/24
 
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