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TerraCom Limited Overcomes Weather Challenges, Maintains Strong Coal Sales

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TerraCom Limited Overcomes Weather Challenges, Maintains Strong Coal Sales

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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.

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