Whitehaven Coal's Fiscal Q1 Production Jumps 82%; Shares Rally 7%

MT Newswires Live
25 Oct 2024

Whitehaven Coal (ASX:WHC) produced 9.7 million tonnes of managed run-of-mine coal in the first quarter ended September, an 82% rise from 5.3 million tonnes in the same quarter a year earlier, according to a Friday filing with the Australian bourse.

Managed saleable coal production rose 62% year on year to 7.1 million tonnes from 4.4 million tonnes, the filing said.

Total managed coal sales jumped 82% to 7.4 million tonnes from 4.1 million tonnes in the same period a year earlier, as per the filing.

For fiscal 2025, the company continues to anticipate managed run-of-mine coal production of 35 million to 39.5 million tonnes, managed coal sales of 28 million to 31.5 million tonnes, and capital expenditures of AU$440 million to AU$550 million.

Company shares jumped 7% in recent Friday trade.

Price (AUD): $6.87, Change: $+0.45, Percent Change: +7.01%

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