|
Highlights
No recordable injuries across Stanmore’s sites in the quarter
Strong quarter of coal mining with 864kt ROM mined and 609kt saleable
coal produced
December quarter sales of 497kt impacted by co-shipper coal
availability, impacting half-year results
Half year underlying EBITDA guidance revised to $50m - $52m, from $53m
to $56m
Full year cost guidance revised up to A$107/t, (ex. royalty) with
production guidance on track at 2.35Mt saleable coal produced
New 600 tonne excavator successfully assembled and commissioned at Isaac
Plains
Continued strong commitment to rehabilitation with 72 hectares topsoiled
and seeded at Isaac Plains and significant upgrades completed to the
site water management system
Stanmore commences work on Bankable Feasibility Study for Isaac Downs
T1: PRODUCTION AND SALES
|
|
Quarter Ended |
Year-to-date |
|
Thousands of tonnes |
Dec-19 |
Sep-19 |
Change %* |
Dec-18 |
Change %* |
Dec-19 |
Dec-18 |
Change %* |
|
ROM1 coal produced |
864 |
704 |
23% |
798 |
8% |
1,569 |
1,297 |
21% |
|
ROM strip ratio (BCM/ROM t) |
11.3 |
8.7 |
29% |
9.3 |
22% |
10.2 |
9.5 |
7% |
|
Saleable coal produced |
609 |
619 |
-2% |
641 |
-5% |
1,229 |
977
|
26% |
|
Saleable coal purchased |
- |
- |
n.a. |
- |
n.a. |
- |
10 |
n.a. |
|
Total coal sales |
497
|
722 |
-31% |
573 |
-13% |
1,219 |
892 |
37% |
|
Product coal stockpiles |
179 |
67 |
165% |
177 |
1%
|
179 |
177 |
1% |
|
ROM coal stockpile |
96 |
25 |
286% |
171 |
-44% |
96 |
171 |
-44% |
*Note: Change is favourable /
unfavourable
1
Run of Mine
COAL SALES
Coal sales of 497kt were achieved in the December quarter which was
lower than planned due to co-shipper coal availability delays resulting
in vessels for loading at DBCT slipping into January. The lower than
expected sales in the quarter resulted in product coal stocks increasing
to 179kt. Sales volumes are expected to recover in the second half of
FY20. The average price per tonne of coal sold was A$158/t (US$106/t),
with 477kt of coking coal sales achieving a price of A$155/t (US$108/t)
and 20kt of thermal sales achieving a price of A$94/t (US$64/t).
Stanmore’s pricing for its coking coal is based on a quarterly
negotiated benchmark price agreed in advance of the commencement of the
quarter, as well as a negotiated lagging benchmark price which
references the hard-coking coal index of the first two months of the
current quarter and the last month of the prior quarter.
|
SMR Coking Benchmark Summary (US$/t, Financial Year)
|
Q4-19 |
Q1-20 |
Q2-20 |
Q3-20 |
|
Forward looking |
126.5 |
124.0 |
107.0 |
TBC |
|
HCC Index linked (backward looking) |
129.0 |
115.0 |
98.0 |
TBC |
Link:
Official Document |
