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Investing.com-- Whitehaven Coal reported higher quarterly production as its Queensland operations and New South Wales mines drove growth, though weaker coal prices weighed on returns amid global trade uncertainties.
Managed run-of-mine (ROM) coal production rose 15% quarter-on-quarter to 10.6 million tonnes (Mt) in the June quarter, with Queensland operations output jumping 26% to 5.6 Mt.
The Blackwater mine hit a production record under Whitehaven’s ownership, while Daunia rebounded from weather disruptions earlier in the year.
New South Wales output grew a modest 5% to 4.9 Mt, partially weighed down by an extended shutdown at the Narrabri underground mine.
Despite weaker coal prices, the company maintained cost discipline, with unaudited FY25 unit costs beating guidance at A$139 per tonne.
However, the company’s average realized coal price fell sharply to A$189/tonne from A$238 in the last year, reflecting softer Chinese demand and trade pressures from U.S. tariffs.
Whitehaven will provide FY26 guidance in August amid ongoing market softness.