Lower production sees Coronado earnings fall below guidance

CORONADO Global Resources has warned that annual earnings for 2019 will fall below the bottom end of the range of its prior guidance of US$687 to $737 million because of 3% lower saleable production.

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Lower production sees Coronado earnings fall below guidance Lower production sees Coronado earnings fall below guidance Lower production sees Coronado earnings fall below guidance Lower production sees Coronado earnings fall below guidance Lower production sees Coronado earnings fall below guidance

Dragline at Coronado's Curragh coal mine in Queensland.

The benchmark price for metallurgical coal in the fourth quarter has also deteriorated further and is in the low $130 per tonne range, according to the company.