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<WIRE> Coronado Global Resources (ASX:CRN) Posts Qtrly Group Saleable Production Of 4.5 MT



Coronado Global Resources (ASX:CRN) reported its quarterly group saleable production of 4.5 MT, an increase of 22.0% compared to the March quarter. The group’s ROM coal production also rose by 15.3% to 7.2 MT. The company generated $728 million in group revenue for the June quarter and had a capital expenditure of $48 million. Coal sales volumes for the same quarter reached 4.0 MT, up 8.3% from the March quarter. The average realized price per tonne of met coal sold was $219.5, a decrease of 8.4% compared to the previous quarter. Coronado expects metallurgical coal pricing to remain above the long-term average price of $192 per tonne. They also anticipate lower average mining costs per tonne sold for the second half of 2023 and higher capital expenditure for the fiscal year 2023. The rollout of technology on all of Curragh’s dragline fleet is expected to be completed by the end of 2023.


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