Coronado Global Resources revises its EBITDA guidance

Company News

by Rachael Jones

Coronado Global Resources (ASX:CRN) has updated its earnings guidance for the financial year due current weakness in benchmark prices for metallurgical coal.

It's EBITDA guidance range is now revised downwards to $995 million to $1,068 million.

The revised EBITDA guidance range is based on various assumptions, including a spot price of approximately $140 per tonne for the remainder of the year.

This is below the spot price of $160 at the time of the Half Year Results announcement on 5 August 2019.

Shares in Coronado Global Resources (ASX:CRN) closed 0.82 per cent lower to $2.43 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.