Coronado Global Resources Strengthens Liquidity Amid Market Challenges

Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ) just unveiled an announcement.

Coronado Global Resources Inc. has announced significant progress in its liquidity improvement plan, securing additional flexible liquidity sources and extending waivers under its ABL facility. These measures, alongside ongoing expansion projects and cost reduction initiatives, are expected to bolster the company’s resilience against prolonged low metallurgical coal prices. The company’s expansion projects, Mammoth and Buchanan, are on track and within budget, aiming to increase production and reduce capital expenditure. Despite challenges such as heavy rainfall and unplanned maintenance affecting operations, Coronado remains focused on improving liquidity by approximately $100 million throughout 2025.

The most recent analyst rating on (AU:CRN) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh stock, see the AU:CRN Stock Forecast page.

More about Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh

Coronado Global Resources Inc. operates in the coal industry, focusing on the production and export of metallurgical coal. The company is involved in expansion projects and cost reduction initiatives to enhance its market position and financial stability.

Average Trading Volume: 12,309,589

Technical Sentiment Signal: Sell

Current Market Cap: A$184.4M

See more data about CRN stock on TipRanks’ Stock Analysis page.