The div is not ideal but due to the low coal production during 2 x longwall moves is just a small bump in the road. These moves rarely happen at the same time and can affect output dramatically when they happen together. With the new panels being mined and output back up again the SP will head north again. One good longwall can produce up to 10mil Tonne/annum.
The company also said it has approved $2.16 billion the development of Taylor zinc-lead deposit, its first mine at the Hermosa project in Arizona, United States.
S32 Price at posting:
$3.08 Sentiment: Buy Disclosure: Held
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