TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
TerraCom Limited ( (AU:TER) ) has provided an update.
TerraCom Limited reported a challenging March quarter due to severe weather conditions affecting its Blair Athol operations, yet maintained strong operational momentum. The company achieved total coal sales of 1.6 million tonnes and eliminated its historic tax debt, while also securing a US$20 million prepayment agreement to bolster working capital. Despite these challenges, TerraCom remains committed to its sales guidance of 1.6 million tonnes for FY2025 and is progressing with the Moorlands Thermal Coal Project, expected to commence operations in 2026.
More about TerraCom Limited
TerraCom Limited operates in the coal industry, focusing on the production and sale of thermal coal. The company is involved in both domestic and export markets, with operations primarily in Australia and South Africa.
YTD Price Performance: -65.00%
Average Trading Volume: 2,243,166
Technical Sentiment Signal: Buy
Current Market Cap: A$50.46M
For detailed information about TER stock, go to TipRanks’ Stock Analysis page.