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Coronado Hits First Coal at Mammoth Mine, Slashes Costs Amid Market Headwinds
8:20am on Thursday 23rd of January, 2025 AEDT
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Mining
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Coronado Hits First Coal at Mammoth Mine, Slashes Costs Amid Market Headwinds
8:20am on Thursday 23rd of January, 2025 AEDT
Key Points
Mammoth Underground Mine achieves first coal on schedule and budget
Q4 production and sales volumes rise, with ROM up 8.8% and sales up 4.7%
Mining costs per tonne sold drop 17% quarter-on-quarter
FY2024 revenue declines 13.2% due to lower coal prices
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