ASX:SMRMetals and Mining
Stanmore Resources (ASX:SMR) Is Up 15.4% After Record Output And Surprise Dividend Hike – What's Changed
In recent days, Stanmore Resources reported record quarterly run-of-mine coal production of 5.3 million tonnes and a 14% rise in saleable output to 3.6 million tonnes, alongside a full-year profit that fell sharply as coal prices eased.
Despite this profit drop, the company surprised the market with a final dividend above analyst expectations and slightly stronger 2025 guidance, highlighting the resilience of its cash generation and capital return plans.
We’ll now examine how this record...