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An announcement from Bathurst Resources Ltd ( (AU:BRL) ) is now available.
Bathurst Resources reported first-half FY26 consolidated EBITDA of $16m and maintained full-year guidance at $35m–$45m, supported by a strong consolidated cash position of $156m. Earnings were down $11m year-on-year as higher export sales volumes from the Stockton mine were more than offset by lower hard coking coal benchmark prices, a less favourable product mix, higher mining costs, and weaker South Island domestic demand amid customers’ shift to alternative fuels. The company highlighted progress on key growth projects, with its Buller Plateaux Continuation Project in New Zealand nearing fast-track approval lodgement, underpinning 15 more years of steelmaking coal output and regional employment, and its Tenas Project in Canada advancing regulatory approvals ahead of planned FY29 production. North Island operations continued intensive overburden stripping at Rotowaro’s Waipuna West Extension, setting up coal production through FY28, while the recent rebound in hard coking coal prices and new health and safety initiatives could support future profitability and operational resilience despite recent lost-time injuries at Rotowaro and Stockton.
The most recent analyst rating on (AU:BRL) stock is a Hold with a A$0.72 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 Ltd is a coal mining company with operations in New Zealand and a 100%-owned development project in British Columbia, Canada. It focuses on producing high-quality steelmaking (hard coking) coal for export alongside domestic coal supply in New Zealand’s North and South Island markets, with a strategic emphasis on long-life assets such as the Buller Plateaux Continuation Project and the Tenas Project.
Average Trading Volume: 29,072
Technical Sentiment Signal: Sell
Current Market Cap: A$165.6M
For a thorough assessment of BRL stock, go to TipRanks’ Stock Analysis page.