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Stanmore Resources Ltd ( (AU:SMR) ) just unveiled an update.
In its December 2024 Quarterly Activities Report, Stanmore Resources Ltd announced a record production year, with 13.8 million tonnes of saleable coal, exceeding its guidance range despite challenges like the Millennium closure and adverse weather conditions. The company maintained strong financial health with a consolidated cash reserve of US$289 million and liquidity over US$500 million, positioning it well for future market cycles. Furthermore, the company is advancing its decarbonization efforts by agreeing to a trial Pongamia plantation for renewable fuels, signaling its commitment to sustainability.
More about Stanmore Resources Ltd
Stanmore Resources Ltd is a company operating in the mining industry, primarily focused on the production of coking coal. The company owns and operates several core assets, including South Walker Creek, Poitrel, and the Isaac Plains Complex, with a market focus on both domestic and international coal sales.
YTD Price Performance: -4.32%
Average Trading Volume: 1,036,889
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.6B
See more insights into SMR stock on TipRanks’ Stock Analysis page.
