Bengalla production surge fails to lift New Hope earnings

A RAMP up at the Bengalla mine in New South Wales has caused New Hope Group’s interim earnings to plunge, even though the company’s production increased 33% during the six months to January 2020.

sponsored-logo
Bengalla production surge fails to lift New Hope earnings  Bengalla production surge fails to lift New Hope earnings  Bengalla production surge fails to lift New Hope earnings  Bengalla production surge fails to lift New Hope earnings  Bengalla production surge fails to lift New Hope earnings

Bengalla open cut mine in New South Wales.

Earnings before interest, tax, depreciation and amortisation came to $213 million, down from $285 million in the previous corresponding period.