Coronado Global Resources Inc (OTCPK:CODQL)
$ 0.12 +0.030 (+33.19%) Market Cap: 201.17 Mil Enterprise Value: 342.34 Mil PE Ratio: 0 PB Ratio: 0.17 GF Score: 48/100
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Full Year 2024 Coronado Global Resources Inc Earnings Call Transcript

Feb 19, 2025 / 11:00 PM GMT
Release Date Price: $0.42

Key Points

Positve
  • Coronado Global Resources Inc (CODQL) achieved a 5% increase in ROM production year-on-year, reaching a total sellable production of 15.3 million tons.
  • The company successfully reduced mining costs by approximately $100 million, with a 66% decrease from January to December 2024.
  • Coronado's Mammoth Underground and Buchanan expansion projects are set to deliver an additional 2.5 to 3 million tons per annum, offering higher margins and low-cost capital intensity.
  • The company maintained a strong balance sheet with a group revenue of $2.5 billion, marking its third-highest in history, and 95% of revenue was generated from met coal sales.
  • Coronado is well-positioned to capitalize on future demand growth, particularly in India, with high-quality, long-life assets and a diverse customer base focused on Asia.
Negative
  • The average met coal price fell by 19% year-on-year, impacting revenue despite being the third-highest in history.
  • Coronado faced substantial operating costs, paying $413 million in corporate taxes, government royalties, and rebates.
  • The company experienced a decline in metal prices to a three-year low, approximately 20% due to uncertain economic conditions and weak market sentiment from China.
  • Despite strong performance, Coronado's financial results were impacted by global economic headwinds affecting steel markets.
  • The company anticipates potential supply shortages of around 150 million tons due to cost curve pressures and operational constraints.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRN.AX - Coronado Global Resources Inc
Full Year 2024 Coronado Global Resources Inc Earnings Call
Feb 19, 2025 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you, operator, and thank you everyone for joining Coronado's full year 2024 investor call.

Today I am joined by our managing director and CEO Douglas Thompson.

Today, Coronado released its full year financial results to the market, including our Form 10K, annual report, full year earnings release, and results presentation. All of these materials are available for free on our website at Coronadoglobal.com.

Within our results presentation, you will see our important notices and disclaimers and reconciliations for certain non-US GAAP financial measures. We encourage you to review these statements as well as our other filings with the ASX and FEC.

I remind everyone that
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