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Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ) has provided an update.
Coronado Global Resources Inc. announced the successful opening of the Mammoth Underground Mine, a significant addition to its growth portfolio, which was delivered on time and within budget. The company plans to enhance production through 2025, aiming for operational improvements and cost reductions. The fourth quarter showed positive operational results with increased production and sales volumes, supported by improved performance in Australian operations. Financially, the company reported a strong cash balance and reduced mining costs due to productivity improvements, positioning itself well to face near-term challenges in the met coal market.
More about Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
Coronado Global Resources Inc. operates in the coal mining industry, focusing primarily on the extraction and sale of metallurgical coal, which is used in steel production. The company is involved in both Australian and U.S. operations and has a market focus on both domestic and export markets.
YTD Price Performance: -3.95%
Average Trading Volume: 1,667,666
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.22B
Learn more about CRN stock on TipRanks’ Stock Analysis page.