Summary by Moomoo AI
COALMINE AUSTRALIA LIMITED RELEASED ITS QUARTERLY REPORT FOR THE YEAR ENDED 31 MARCH 2024 ON 18 APRIL 2024. The report showed that the average coal sales price for the quarter was A$180 per tonne, cash holdings increased to A$2.60 million and cash balances reached A$16.6 million. Raw coal production is 1400 million tons, commodity coal production is 1130 million tons, interest commodity coal production is 880 million tons, and rights coal sales are 830 million tons. Commodity coal production decreased by 12% compared to the fourth quarter of 2023, but increased by 47% compared to the first quarter of 2023. Power coal sales fell 12%, and metallurgical coal sales increased 14%. Coal Australia continues to generate strong cash flow and expects further future production growth, the company's chief executive said. The company maintained...Show More