Stanmore Resources Ltd ( (AU:SMR) ) just unveiled an update.
Stanmore Resources Ltd has reported a record production year in 2024, driven by strong performances at Poitrel and South Walker Creek, leading to higher sales and lower cash costs. Despite a moderation in coal prices, the company achieved an underlying EBITDA of US$700 million and maintained strong shareholder returns with total distributions of US$100 million. Additionally, the company has focused on future positioning through the refinance of debt facilities and strategic acquisitions, including the Eagle Downs Project and the development of the Isaac Plains Complex, which have resulted in increased reserves and resources.
More about Stanmore Resources Ltd
Stanmore Resources Ltd operates in the mining industry, focusing on the production and sale of metallurgical coal. The company primarily engages in activities across its core operating assets such as Poitrel and South Walker Creek, and aims to expand its influence through strategic acquisitions and project developments.
YTD Price Performance: -14.29%
Average Trading Volume: 1,162,652
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$2.33B
See more insights into SMR stock on TipRanks’ Stock Analysis page.