Coronado Global Resources (ASX:CRN) has met its 2025 fiscal year guidance, marking a pivotal turnaround driven by increased production and a disciplined reduction in operating expenses.
The coal miner reported that saleable production rose 4% year-on-year to 16 million tonnes.
Following the completion of several major capital projects, the company finished the year with an annualised production run rate of 18 million tonnes, signaling a significant boost in capacity heading into the new year.
The company also achieved a major milestone in efficiency, with average mining costs dropping 9% to US$97.50 per tonne. This shift places Coronado in the more competitive second quartile of the industry cost curve.
With the era of heavy capital spending now peaking and beginning to "normalise," the company is seeing its highest sales volumes since 2021.
Quarterly sales rose 11% compared to the previous quarter, proving that the recent infrastructure investments are paying off.
Coronado appears exceptionally well-positioned to capitalise on rising global coal prices.
The company expects to translate market momentum into robust earnings and stronger cash flow.