Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh (AU:CRN) has released an update.
Coronado Global Resources Inc. reported a robust safety performance and a strong start to 2024, despite weather challenges impacting coal production and operational activities. The company achieved significant milestones including the completion of Curragh pre-strip deficit works, which is anticipated to reduce costs per tonne from April onwards. Additionally, Coronado reaffirmed its 2024 full-year guidance, maintaining a healthy balance sheet with a closing cash balance of $225 million and no need for additional debt or equity to fund growth projects.
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