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Australian Pacific Coal Limited ( (AU:AQC) ) has issued an announcement.
Australian Pacific Coal Limited reported a significant loss of $47.7 million for the six months ending December 2024, primarily due to its involvement in the Dartbrook Joint Arrangement. Despite this, the company achieved several operational milestones, including the successful completion of a Restart Program and upsizing its Senior Debt Facility to US$90 million. The company also initiated a capital works program to refurbish its Coal Handling & Processing Plant and submitted a formal request for an extension of its operating period through 2033. These developments are expected to enhance production capabilities and provide financial stability, although the company still faces challenges with net liabilities of $10.8 million.
More about Australian Pacific Coal Limited
Australian Pacific Coal Limited operates in the coal industry, focusing on coal mining and production. The company holds a significant interest in the Dartbrook Joint Arrangement, which is a key component of its operations.
YTD Price Performance: -27.00%
Average Trading Volume: 1,166,910
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$51.13M
Find detailed analytics on AQC stock on TipRanks’ Stock Analysis page.