Higher Isaac Plains waste costs hit Stanmore's profits

INCREASED waste removal costs Stanmore Coal’s Isaac Plains mine in Queensland has caused the company’s annual net profit to plunge by 62% to $34.8 million.

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Higher Isaac Plains waste costs hit Stanmore's profits Higher Isaac Plains waste costs hit Stanmore's profits Higher Isaac Plains waste costs hit Stanmore's profits Higher Isaac Plains waste costs hit Stanmore's profits Higher Isaac Plains waste costs hit Stanmore's profits

Stanmore Coal's Isaac Plains mine in Queensland.

These costs have increased due to changes in the mine plan following geological challenges and differences in equipment mix to accommodate these challenges.

A decrease of $14.