Coronado Global Resources reports US$418M loss in H1

• Coronado Global Resources posted a US$418 million net loss for the first half of 2026.
• Second-quarter revenue rose to US$514.1 million as saleable production increased 39.3% to 4.1 million tonnes.
• Management is executing an operational reset programme to lower unit costs and generate medium-term cash flow.

Coronado Global Resources (ASX:CRN) reported a US$418 million first-half net loss, even as second quarter revenue rose to US$981.3 million.

The result widened from a US$172.4 million loss recorded last year due to asset impairments and higher financing expenses.

"We believe the company's improved financial flexibility will allow us to manage periods of market volatility," said Coronado Global Resources CEO Barrie van der Merwe.

The bottom line included a US$177.5 million Logan impairment charge, while June quarter unit mining costs fell 27.7%.

Following the announcement, the Coronado share price was unchanged at $0.19.

For 2026, the company targets a capital expenditure of $150-$175 million, while saleable production is expected to be between 16Mt and 17Mt.

Coronado operates metallurgical coal-producing assets in Australia and the United States, centred on the Curragh and Buchanan mining complexes.

Management recently established a US$265 million asset-based lending facility and a US$75 million one.