Stanmore Resources Ltd (AU:SMR) has released an update.
Stanmore Resources Ltd reported robust first-half results for 2024, with production upturns and a forecasted balance in output from various mines maintaining annual guidance. The company achieved a significant underlying EBITDA of US$375 million and operating cash flows of US$208 million, leading to an interim dividend declaration and the strengthening of its balance sheet through new debt refinancing. Despite a drop in metallurgical coal prices, the company’s strategic sales program and operational improvements have positioned it well for the remainder of the year.
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