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Coronado reports record revenues despite sodden Curragh production

CORONADO Global Resources has reported record FY22 revenues of US$3.5 bllion which is 66.2% higher than FY21, driven by substantially higher realised metallurgical coal pricing despite lower sales volumes from its Curragh coal mine in Queensland.

Lou Caruana
Despite the impacts of the Bowen Basin rain events, Coronado executed its capital investments in the Curragh mine plan.

Despite the impacts of the Bowen Basin rain events, Coronado executed its capital investments in the Curragh mine plan.

The company reported record net income of $771.7 million, an improvement of $582.3 million, or 307.4%, compared to net income of $189.4 million in FY21. Mining costs per tonne sold of US$88.4 per tonne...

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