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The latest update is out from Whitehaven Coal Limited ( (AU:WHC) ).
Whitehaven Coal Limited has announced an update to the Resources and Reserves Statement for its Blackwater Mine in Queensland, reflecting a significant increase in both recoverable and marketable coal reserves. The recoverable reserves have risen from 191Mt to 365Mt, and the total coal resources have increased from 1,817Mt to 1,919Mt. This update is attributed to improved geological confidence from extensive drilling, refined economic assumptions, and the inclusion of new mining areas. The increase in reserves is expected to enhance the mine’s long-term production potential and strengthen its position as a key asset for Whitehaven, offering growth and optionality for stakeholders.
The most recent analyst rating on (AU:WHC) stock is a Sell with a A$7.15 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.
More about Whitehaven Coal Limited
Whitehaven Coal Limited is a company operating in the coal mining industry, primarily focusing on the extraction and production of coal. The company is known for its operations in Queensland, Australia, and is involved in producing metallurgical and thermal coal.
YTD Price Performance: 27.83%
Average Trading Volume: 4,730,360
Technical Sentiment Signal: Buy
Current Market Cap: A$6.35B
See more data about WHC stock on TipRanks’ Stock Analysis page.