Whitehaven Coal reports 11Mt September quarter production
- Managed run-of-mine coal production rose to 11.0Mt for the September quarter, representing a 3% increase over the June quarter.
- Equity sales dropped 5% to 6.0Mt due to shipping terminal disruptions, while unit costs remained at the low end of guidance.
- Strong coal prices and completion of acquisition payments are projected to boost future operational cash flows.
Whitehaven Coal (ASX:WHC) reported managed run-of-mine coal production of 11.0Mt for the September quarter, delivering a 3% increase over the June quarter.
The 3% quarter-on-quarter increase in run-of-mine production compares to an even larger 22% surge when measured against the previous corresponding period.
"Whitehaven has had a strong start to FY27, with September quarter managed ROM production of 11.0Mt and equity sales of 6.0Mt," said Whitehaven CEO & Managing Director Paul Flynn.
Export terminal disruptions at RG Tanna and Port Waratah Coal Services caused sales volumes to slip into the December quarter, while net debt stood at ~$1.4 billion as of Sept. 30.
Management expects temporary sales slippages to unwind during the December quarter, supported by average realised prices of $226/t across all operations.
Following the announcement, the Whitehaven Coal share price was down at $7.65.
The miner recently expanded its operational footprint through significant steelmaking coal acquisitions in Queensland, which contributed 5.5Mt of run-of-mine coal during the September quarter.
These regional assets generated average realised prices of $257/t, helping the group maintain unit production within its $132-$147/t guidance range.
