Stanmore Resources Maintains Production Amid Weather Challenges, Adjusts Financial Guidance

Stanmore Resources Ltd ( (AU:SMR) ) has provided an update.

Stanmore Resources Ltd reported maintaining its saleable production levels despite significant rainfall challenges in the first quarter of 2025. The company has adjusted its full-year cost and capital expenditure guidance downward, reflecting cash preservation efforts amidst economic and coal price uncertainties. The release of the maiden JORC compliant Reserves for the Isaac Downs Extension Project underscores the project’s long-term benefits. Safety performance improved with no serious accidents reported for three consecutive quarters, and the company continues to align its operations with legislative changes to ensure compliance and proactive risk management.

More about Stanmore Resources Ltd

Stanmore Resources Ltd operates in the coal mining industry, focusing on the production and sale of coking coal. The company is involved in mining operations primarily in the Bowen Basin and is working on projects like the Isaac Downs Extension to enhance its production capabilities.

YTD Price Performance: -33.73%

Average Trading Volume: 3,388,140

Technical Sentiment Signal: Buy

Current Market Cap: A$1.72B

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