Whitehaven Coal (WHC) - A solid quarter
November 5, 2024
Whitehaven Coal develops and operates metallurgical and thermal coal mines in New South Wales and Queensland.
The company had a solid September quarter of production and sales, with all mines delivering as planned or better. Group performance in Q1FY25 included managed run-of-mine production of 9.7Mt, and total equity sales of 6.4Mt. Net debt was $1.2 billion.
Queensland operations achieved strong production and productivity improvements at Blackwater and Daunia, with run-of-mine (ROM)production up 11% and sales up 13%. Average coal price increased to $259/t.
New South Wales saw improved Narrabri production and focused on overburden removal. Run-of-mine production was down 12%, with equity sales down 16%. Average coal price was $211/t.
Run-of-mine coal production is expected to increase in the second half of FY25. Global metallurgical coal production shortfalls and increased Indian demand are expected to drive prices higher, which will benefit Whitehaven.
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
Regis Healthcare (REG) - Short-changed by short-sighted policy
Regis Healthcare provides residential aged-care services in Australia, including ageing-in-place, respite care, specialist dementia care, and palliative care services through operation of aged care homes.
Universal Store Holdings (UNI) – Reinvesting for growth
Universal Store Holdings is a fashion and accessories retailer targeting the youth and young adult market, which operates through two divisions, Universal Store and Cheap Thrills Cycles.
SiteMinder (SDR) - Ducks lined up and ready to quack
SiteMinder provides online booking and management software for hotel operators and travel groups, with customers across Asia Pacific, Europe, the Middle East, Africa, and the Americas.
.jpg)