Quarterly ResultJul 29, 2026, 06:07 AM
Coronado Returns to Positive Earnings; Q2 Production Up
AI Summary
Coronado Global Resources Inc. reported a significant operational recovery and returned to positive earnings in Q2 2026, marking the first positive earnings since Q2 2024. Group ROM production increased 18.4% to 6.4Mt, and Saleable production rose 39.3% to 4.1Mt compared to the March quarter. Earnings improved by approximately US$100 million quarter-over-quarter, driven by higher production volumes and improved plant utilization. The company also saw a 27.7% decline in Group mining cash costs to US$97.9/t and is nearing completion of Phase 1 of its structural reset program. The sale of the Logan Complex is expected to close soon, which will remove exposure to structurally challenged markets.
Key Highlights
- Group ROM production increased 18.4% to 6.4Mt in Q2 2026.
- Group Saleable production increased 39.3% to 4.1Mt in Q2 2026.
- Earnings improved by approximately US$100 million compared to Q1 2026.
- Group mining cash costs declined 27.7% to US$97.9/t in Q2 2026.
- Curragh ROM production increased 74.0% to 3.9Mt in Q2 2026.
- Buchanan delivered record half-year ROM production of 4.7Mt (+26.2% YoY).
- Cash at quarter end was approximately US$98 million.
- Sale of the Logan Complex is expected to close soon.
Price Impact
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