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BRIEF-Stanmore Coal Reconfirms FY18 Product Guidance Of 1.2Mt

Published 29/01/2018, 09:23 am
© Reuters.  BRIEF-Stanmore Coal Reconfirms FY18 Product Guidance Of 1.2Mt
SMR
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Jan 29 (Reuters) - Stanmore Coal Ltd SMR.AX :

* PRODUCT GUIDANCE OF 1.2MT FOR FY18 RECONFIRMED

* YEAR TO DATE SALES OF 594KT SUPPORTS HALF-YEAR EBITDA GUIDANCE OF $17-$20 MILLION

* COAL SALES IN DECEMBER QUARTER WERE 183KT, DOWN FROM A PRIOR RECORD QUARTER OF 411KT

* ROM TONNES MINED IN DECEMBER QUARTER WERE 271KT, DOWN FROM 443KT IN PRIOR QUARTER

* OVER 40% INCREASE IN ROM PRODUCTION EXPECTED IN FY19

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