Coronado Posts Strong Curragh Quarter but Cuts Output Target and Raises Costs
Coronado Global Resources lifted third-quarter EBITDA on Curragh but trimmed its annual output target and raised its cost estimate, Market Talk reports.
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what happened
According to Market Talk, Coronado's Curragh mine in Australia recorded its best run-of-mine coal output quarter since 2020, citing Jefferies. That helped third-quarter EBITDA reach US$44 million.
Still, Coronado lowered its annual production target and raised its mining cost forecast because of setbacks at its U.S. and Australian operations. The company pointed to "recent Buchanan geology issues, slower than expected Mammoth ramp-up and CHPP throughput", along with unfavorable FX and higher diesel costs so far this year.
Analyst Daniel Roden said the company must show better processing and underground performance. Jefferies keeps its hold rating on the shares.
why it matters
For the coal market, the strong Curragh result does not offset the cut to the production plan and higher expected costs. Investors in Coronado will likely focus on whether management can deliver on operational targets rather than on a single quarter's figures.
market impact
Coal and Coronado shares: a lower output plan and higher costs pressure the company's margins
tags
instruments
sources
- Coronado Needs Better Processing, Underground Execution — Market Talk, 22 October 2026 at 23:12 UTC
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