Coronado Global Resources (ASX:CRN) reported run-of-mine production of 6.9 million tonnes in the fourth quarter of 2024, up 8.8% from 6.3 million tonnes in the third quarter, according to a Thursday filing with the Australian bourse.
Revenue in the three months ended December fell 8.3% quarter on quarter to AU$558 million.
For the 12 months to December, production rose 4.5% to 26.6 million tonnes from the year-earlier's 25.4 million tonnes. Full-year revenue fell over 13% year on year to AU$2.51 billion.
As of Dec. 31, 2024, the company was in a net debt position of AU$85 million.
Looking ahead, the mining company expects steel production and demand in seaborne markets outside of China to recover.
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