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Stanmore Coal provides FY19 earnings guidance

Nov 19, 2018 - Marketline Newswire

Stanmore Coal (SMR) has provided guidance for FY19 with forecast underlying EBITDA expected to be between $130 million and $150 million (FY18: $45.6 m), based on upgraded forecast production of 2.0Mtpa.

OPERATIONS :The Company’s Isaac Plains Complex is performing above expectations, as a result of improved ROM recoveries at its Isaac Plains East mine as well as producing a higher proportion of semi-soft coking coal compared with the Company’s original plan.The Company expects t...