Coronado Global Resources: December Quarter Highlights

Key Takeaways

• Shares Surge 6.3%: Coronado Global Resources (ASX: CRN) shares gained 6.3% following its solid December quarter update.
• Mammoth Underground Mine Opens: A major milestone for the company, contributing to its growth portfolio.
• Production Growth: 6.9 million tonnes of coal produced during the quarter, an 8.8% year-on-year increase.

Performance Snapshot

• Share Price: $0.7075 (23 January 2025)
• 1-Year Return: -57.38% (significantly underperforming the sector and ASX 200).
• Market Cap: $1.19 billion.

Key Milestones and Updates

Mammoth Underground Mine

Opened in December 2024, this new operation is part of Coronado Global Resources’ (ASX: CRN) strategic growth initiatives. The mine is expected to enhance the company’s capacity and provide a steady contribution to future production targets.

Coal Production

With 6.9 million tonnes produced in Q4 FY24, the company demonstrated resilience in its operational performance, reflecting its capability to maintain growth despite industry challenges.

Quarterly Activities Report

The company released its Q4 FY24 update, highlighting operational and strategic advancements, including robust production metrics and future growth outlooks.

Dividend Insights

• DPS (TTM): $0.0104.
• Yield: 1.48%.

Coronado Global Resources’ (ASX: CRN) continues to reward shareholders, albeit with modest dividends relative to its previous payout history during stronger coal markets.

Management Commentary

Douglas Graham Thompson, CEO, stated, "Our achievements in the December quarter, including the opening of the Mammoth Underground Mine, signal our commitment to enhancing shareholder value and operational excellence. The 8.8% production growth reflects our strategic focus on efficiency and sustainability in our operations."

Outlook for 2025

Coronado Global Resources’ (ASX: CRN) aims to capitalize on its expanded portfolio, with production from the Mammoth Mine expected to further boost output. While the company faces headwinds from declining coal prices and market volatility, its strong operational base and growth strategy position it well for future opportunities.