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Bathurst Resources Ltd ( (AU:BRL) ) has shared an announcement.
Bathurst Resources maintained its full-year FY26 consolidated EBITDA guidance at $35m to $45m, reporting $30m year-to-date EBITDA and a robust $141m consolidated cash balance despite sharply higher fuel costs linked to geopolitical tensions impacting the broader mining and energy sectors. Domestic earnings fell as South Island sales tapered with the mine nearing end-of-life and North Island operations absorbed extended stripping costs and lower production at Rotowaro, while export earnings improved on higher volumes, though margin gains were tempered by increased mining costs and lower average coal prices than a year earlier.
The company advanced its two key metallurgical coal growth projects, achieving further environmental assessment milestones at the 100%-owned Tenas Project in British Columbia and preparing the Buller Plateaux Continuation Project in New Zealand for submission into the fast-track approvals process, which would extend Stockton mine operations by 15 years and deliver regional economic benefits. Health and safety performance deteriorated, with six lost-time injuries recorded in the quarter across Stockton, Rotowaro and Takitimu, prompting continued investment in an online learning and induction program aimed at standardising risk management training and reducing reliance on face-to-face instruction.
The most recent analyst rating on (AU:BRL) stock is a Buy with a A$0.92 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
More about Bathurst Resources Ltd
Bathurst Resources is a New Zealand-based coal producer with domestic thermal coal operations in the North and South Islands and export-focused metallurgical coal assets. The company supplies steelmaking coal to international markets and is developing long-life projects in New Zealand’s Buller region and in British Columbia, Canada, to strengthen its position in premium hard coking coal.
Average Trading Volume: 33,172
Technical Sentiment Signal: Sell
Current Market Cap: A$134.4M
See more insights into BRL stock on TipRanks’ Stock Analysis page.