Oct 2 (Reuters) - Coronado Global Resources Inc (CRN) :
- LATEST FORECASTS FOR BALANCE OF 2023 HAVE BEEN AMENDED.
- DURING SEPT QUARTER, MINING ACTIVITIES AT BUCHANAN MINE WERE TEMPORARILY IMPACTED BY GEOLOGICAL CONDITIONS IN COAL SEAM
- EFFORT IS NOW BEING MADE TO RECOVER THESE LOST TONNES IN Q4 2023 AND Q1 2024
- IN MID-SEPTEMBER, ONE OF DRAGLINES AT CURRAGH EXPERIENCED A MECHANICAL FAILURE IN PROPEL UNIT
- PRODUCTION FROM CURRAGH IN FY23 WILL BE IMPACTED DUE TO RESULTING DELAYED ABILITY TO MOVE WASTE
- AVERAGE MINING COSTS PER TONNE SOLD FOR FY23 IS REVISED TO BETWEEN US$97.0 - US$102.0
- REPAIRS AT CURRAGH ARE ALREADY UNDERWAY AND EXPECTED TO BE COMPLETED NO LATER THAN END OF OCTOBER
- REVISED FY23 GUIDANCE FOR SALEABLE PRODUCTION 16.2 MT - 16.4 MT
- DOES NOT EXPECT A MATERIAL CASH IMPACT IN FY23
- REVISED FY23 GUIDANCE FOR CAPITAL EXPENDITURE $220 MILLION - $240 MILLION
- CO EXPECTS TO SEE FURTHER SUPPORT FOR INCREASING ITS PRICING FOR METALLURGICAL COAL FOR REMAINDER OF 2023 & INTO 2024
News: CRN Coronado Global Resources Amends Latest Forecasts For Balance Of 2023
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