Analysts at Barrenjoey have trimmed the 2023 saleable volumes guidance for Australia’s coal miner, Coronado Global (ASX:CRN), to 16.2Mt.

This matches the lower end of the guidance range.

Following the revision, Coronado Global (ASX:CRN) saw its shares fall 4.3% to A$1.7.

Moreover, Barrenjoey has elevated the 2023 unit costs guidance to $99 per tonne.

On Monday, Coronado Global had adjusted its outlook for the remainder of 2023 due to unfavorable operational conditions at its Buchanan mine and unexpected repair needs at its Curragh mining complex.

Coronado Global (ASX:CRN) had its FY23 EPS expectations by the company slashed by 26% by the analysts, however, the price target remains at A$1.70.

The coal miner’s stock had dropped 10.8% this year as of its last closing.

Coronado Global is a coal producer with mining complexes in Buchanan and Curragh.