Announcement • Aug 05
Coronado Global Resources Inc. to Report First Half, 2026 Results on Aug 10, 2026 Coronado Global Resources Inc. announced that they will report first half, 2026 results on Aug 10, 2026 New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Jul 22
Coronado Global Resources Inc. to Report Q2, 2026 Results on Jul 29, 2026 Coronado Global Resources Inc. announced that they will report Q2, 2026 results on Jul 29, 2026 Announcement • Apr 28
Coronado Global Resources Inc. to Report Q1, 2026 Results on May 12, 2026 Coronado Global Resources Inc. announced that they will report Q1, 2026 results on May 12, 2026 Announcement • Feb 25
Coronado Global Resources Inc. Provides Production Guidance for the Fiscal Year 2026 Coronado Global Resources Inc. provided production guidance for the fiscal year 2026. For the period, the company expects Saleable Production to be in the range of 16 Mt to 17 Mt. Average Mining Costs Per Tonne produced from the range of between $88.0 and $96. Coronado's FY26 guidance reflects continued operational momentum, with Saleable production expected to increase to 1617 Mt, supported by a full year of output from the Mammoth Underground and Buchanan expansion projects, partially offset by lower volumes expected from Logan. Average mining cash costs per tonne produced are forecast to improve to $8896/t, benefiting from highermargin production from recently completed growth projects and reduced exposure to Logan's higher operating cost base. Capital expenditure is expected to decrease meaningfully to $150175 million, reflecting the completion of major expansion investments and a shift to sustaining development at Curragh and Buchanan after FY25 cash conservation. Announcement • Feb 19
Coronado Global Resources Inc., Annual General Meeting, Jun 04, 2026 Coronado Global Resources Inc., Annual General Meeting, Jun 04, 2026. Announcement • Feb 17
Coronado Global Resources Inc. to Report Fiscal Year 2025 Results on Feb 24, 2026 Coronado Global Resources Inc. announced that they will report fiscal year 2025 results at 9:00 AM, E. Australia Standard Time on Feb 24, 2026 Announcement • Jan 21
Coronado Global Resources Inc. to Report Q4, 2025 Results on Jan 27, 2026 Coronado Global Resources Inc. announced that they will report Q4, 2025 results at 6:00 PM, US Eastern Standard Time on Jan 27, 2026 Announcement • Jan 05
Coronado Global Resources Inc. Announces Update on Mammoth Underground Mine Coronado Global Resources Inc. announced that at approximately 3:00pm on 2 January 2026 an incident occurred at the Mammoth Underground Mine, located within Coronado's Curragh Mine complex approximately 10 kilometres north of the town of Blackwater in Queensland Australia, with confirmation received on Saturday 3 January 2026 that a worker was fatal injured. Coronado is deeply deeply deeply deeply deeply deeply deeply concerned by this tragic event and extends its deepest sympathies and sincere tribute to the family, friends and colleagues of the worker. The Company is providing all support to the contracted coal mine operator, Mammoth Underground Mine Management Pty Ltd, which is currently working with the relevant authorities at site to understand the cause of the incident. The operations at Mammoth Underground Mine remain suspended. Operations at the Company's open cut mines (Curragh North and Curragh South) were idled for 24 hours and have now recommenced normal operations in a staged approach. Announcement • Aug 05
Coronado Reportedly to Launch Sale Process After JSW Steel, Tata Talks Fail Coronado Global Resources Inc. (ASX:CRN) is believed to be preparing to launch a formal asset sale process this month after talks with prospective buyers have failed to result in a deal. As earlier reported by DataRoom, Indian steel firm JSW Steel Limited (BSE:500228) was in talks to take a stake in Coronado's Curragh coal mine in Queensland, but it is now understood to have moved on, as has Tata Steel, which was also in talks regarding the mine. The understanding is that while some parties had been invited to look at the Curragh thermal and coking coal mine, there was now believed to be more interest for its Buchanan mine in the United States, where President Donald Trump takes a more favourable position towards commodities used for fossil fuels. Now a data room would be open for a buyer to explore owning 20% to 30% in one of the mines within two weeks, say sources. It is understood executives had recently been in the US discussing the prospect with bondholders. Barrenjoey said in a research note that cash burn for Coronado in the first half of the year was USD 40 million a month and was forecast to drop to USD 15 million a month in the second half of the year. The June quarter saw raw mined materials, or "run of mine" production, up 21%, but a build-up of inventory led to lower-than-expected production and sales volumes. Mining costs dropped 20% to USD 92 a tonne. Coronado said there had been growing inbound interest for minority stakes in assets. The agreement with bondholders did not prohibit the asset sales, but they dictate the level of indebtedness and require the capital from a potential selldown to be redeployed back into the business. Buyers are more keen on the Buchanan metallurgical coal mine in Virginia because it has strong productivity but averages a yield of 35% to 45%, say -industry experts, limiting production to about six million tonnes per annum. Coronado is believed to be competing aggressively in the domestic market at a time it remains cash strapped. Most of the capital spending has been carried out on the Buchanan mine but the bottleneck has been transferred to the coal handling and preparation plan that is in need of investment for increased tonnage. Estimates are than it requires about USD 150 million in capital spending for the required upgrades. Like Curragh, Buchanan needs coal to sell for about USD 200 a tonne to be profitable, which is above the coal price, currently around USD 180 a tonne. Rivals are said to be bidding strongly in the local market to place further pressure on Coronado and knock it out of the market. In Australia, rivals like Whitehaven Coal, Peabody Energy and Stanmore produce better quality coal and debt levels and are also placing pricing pressure on Coronado. Announcement • Jul 18
JSW Steel Reportedly Nears Stake Acquisition in Coronado's Coal Mine Indian multinational steel manufacturer JSW Steel Limited (BSE:500228) is believed to be closing in on a deal to buy a stake in the flagship mine of Coronado Global Resources Inc. (ASX:CRN), as the miner's future hangs in the balance. DataRoom understands that Coronado directors and members of management have flown to the US for the meeting with bond holders, to whom they are appealing for permission for their plans to proceed with an asset sale selldown. Market experts expect that the appeal being put forward to the lending group relates to a request to retain some of the proceeds from the asset sale for operations rather than handing it all over to the lenders after the group has breached debt covenants. It is understood that the meetings will be followed by a site visit by Coronado CEO Douglas Thompson to the company's flagship Curragh coal mine in Queensland next week. DataRoom understands that JSW is the most likely candidate to emerge as a part owner of Coronado's Curragh metallurgical and thermal coal mine. The company, 51% owned by Energy and Minerals Group, confirmed last month that it had engaged in talks with certain counterparties about a potential sale of a minority interest in certain assets. Several miners have been in talks with Coronado, including groups such as New Hope Coal, Whitehaven and Indonesian miners such as BUMA, Sinar Mas and Golden Energy Resources. Coronado's future continues to hang in the balance, with its market value at $259 million and its share price at 16c, with the coal price having fallen below USD 200 a tonne, where it can profitably mine coal from Curragh. It has refinanced a USD 150 million asset-based loan with Oaktree Capital Management, and had reached a deal with the Queensland government-owned coal-fired power station operator Stanwell, where Stanwell would provide a USD 150 million upfront payment for 800,000 tonnes of thermal coal for five years from 2027. But sources believe that in about three months Coronado would be in a position where it was breaching its debt covenants on the Oaktree loan, paving the way for the opportunistic private equity fund to gain control over the group's future. Announcement • Jul 02
Coronado Global Reportedly Faces Inevitable Sale as Coal Price Slump Forces Asset Disposal A sale of all of Coronado Global Resources Inc. (ASX:CRN), or some of its assets, appears increasingly inevitable to industry experts, with recent efforts to get cash through the door only deferring its problems. The company confirmed ahead of the weekend it had engaged in talks with certain counterparties about a potential sale of a minority interest in certain assets, but had not received any binding proposal from any party and had not made any decision as to whether it would proceed with a sale or any other form of transaction. DataRoom reported that Coronado was believed to be in talks with an Indonesian mining group about a sale of assets or the business, with some pointing to BUMA Australia Pty Ltd. as the likely candidate. Another could be Indonesian conglomerate Sinar Mas, through subsidiary Golden Energy and Resources. Earlier, the Australian-listed New Hope Coal was said to have made advances. Market analysts say that the group's options include selling a stake of its Curragh coal mine in Queensland to a steel producer such as Nippon, JSW or Mitsubishi, or selling all of the business or all of the Curragh mine to another coal miner. Matt Latimore's M Resources had recently on-sold a stake in Illawarra Metallurgical Coal to a steel producer at a price based on a premium coking coal price of $250 ($382) a tonne. Bowen shares remain suspended from ASX trading as it warned it would need to suspend operations at its Burton Mine amid a depressed coal price environment unless it secured immediate funds. Operators argue Queensland coal mines have been hurt by costly royalty charges, which can be as large as 40% of revenue. They believe groups losing money should be excused from making payments until they were back in profit-making territory. DataRoom also reported that Czech group Sev.en had been hovering and may still be around. Announcement • Apr 22
Coronado Global Resources Inc. Announces Not to Stand for Re Election of William (Bill) Koeck as Board Member, Effective June 3, 2025 (June 4, 2025 in Australia) On April 17, 2025, William (Bill) Koeck, a current member of the Board of Directors of Coronado Global Resources Inc., notified the Board that he will not stand for reelection as a director upon expiration of his current term, which is scheduled to expire at the Company’s 2025 Annual General Meeting of Stockholders on June 3, 2025 (June 4, 2025 in Australia). Mr. Koeck’s decision to let his term expire and not to stand for reelection at the 2025 Annual Meeting is due to his decision to accommodate other opportunities and is not the result of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Announcement • Feb 22
Coronado Global Resources Inc. Declares Bi-Annual Fully Franked Fixed Ordinary Dividend, Payable on April 4, 2025 Coronado Global Resources Inc.'s Board of Directors declared a bi-annual fully franked fixed ordinary dividend (dividend) of $0.005 per CDI. The dividend will have a record date of 12 March 2025, Australia time, payable on 4 April 2025. Announcement • Feb 17
Coronado Global Resources Inc., Annual General Meeting, Jun 05, 2025 Coronado Global Resources Inc., Annual General Meeting, Jun 05, 2025. New Risk • Feb 12
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Feb 04
Coronado Global Resources Inc. Announces Executive Changes Coronado Global Resources Inc. announced an update to its executive leadership team, whereby current Chief Operating Officer (COO), Mr. Jeff Bitzer will transition to the newly established Chief Development Officer (CDO) role; and Mr. Craig Manz will join Coronado on 17 March 2025 as COO. Mr. Bitzer has been with Coronado since 2013 and has been in the role of COO since July 2023. As CDO, he will be responsible for major capital expenditure projects, including the completion of current expansion plans, as well as global technical development functions. Mr. Manz has more than 25 years of mining experience, most recently with Compass Minerals, having previously held roles with BHP, Vale and Anglo American across Australia, Africa and Canada. As Coronado's COO, Mr. Manz will be accountable for safety, the achievement of production goals, productivity improvements and cost efficiencies; and operational excellence and continuous improvement. Reported Earnings • Nov 13
Third quarter 2024 earnings released: US$0.042 loss per share (vs US$0.013 loss in 3Q 2023) Third quarter 2024 results: US$0.042 loss per share (further deteriorated from US$0.013 loss in 3Q 2023). Revenue: US$608.2m (down 15% from 3Q 2023). Net loss: US$71.0m (loss widened 237% from 3Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jun 27
Sev.En Global Investments A.S. cancelled the acquisition of 51% stake in Coronado Global Resources Inc. (ASX:CRN) from Coronado Group LLC. Sev.En Global Investments A.S. agreed to acquire 51% stake in Coronado Global Resources Inc. (ASX:CRN) from Coronado Group LLC on September 25, 2023. Coronado notes the acquisition is subject to customary closing conditions, including regulatory approvals in the U.S. and Australia (which Coronado has been advised includes approval of Australia’s Foreign Investment Review Board (FIRB) and HSR approval by the Federal Trade Commission (FTC) and may also include approval by the Committee on Foreign Investment in the United States (CFIUS)). Carina Antweil and Josh Davidson of Baker Botts L.L.P. acted as legal advisor to Coronado Global Resources Inc. Lucas Tyszkiewicz, Derek Liu, Emery Mitchell, Amanda Cohen, Cecilia Hong, Jeremy Moore, Lewis Popoff, Peter Tomczak, John W. Watson, Sarah Winston, Nandu Machiraju, Rod Hunter, Lane Morgan, Thomas Asmar, Lucas Tyszkiewicz, Stephanie Glass, Antony Rumboll, Brendan Smith, Anna Vella, Kerryn Kahler and Miles Hurst of Baker McKenzie acted as legal advisors to Sev.En Global Investments A.S.Sev.En Global Investments A.S. cancelled the acquisition of 51% stake in Coronado Global Resources Inc. (ASX:CRN) from Coronado Group LLC on June 25, 2023. transaction has been cancelled in light of certain conditions not being satisfied by the Outside Date (including receipt of FIRB regulatory approval). Announcement • Jun 24
Anglo American Reportedly Sets Up for AUD 7.5 Billion Coal Exit Anglo American plc (LSE:AAL) is expected to appoint an investment bank any day for a sale of its $5 billion (AUD 7.5 billion) portfolio of Australian coalmining assets, according to sources in the market. The sale, which comes after an announced company break-up while it has been fending off advances from BHP, will involve big dollars for what are some of the best metallurgical coal mines in the world. That may limit the field somewhat. One of the parties most strongly positioned for the portfolio is BHP itself, but perhaps it does not want to be seen to be reinforcing Anglo American's break-up strategy that enhances Anglo's value. But sources say BHP will not be in contention for the mines. If the break-up of Anglo American does not go well, it's always been considered a possibility that BHP comes back a second time with an "all of company" bid for Anglo American after several months. The bet by some is that the coal auction attracts non-conforming offers. China-backed Yancoal Australia Ltd. (ASX:YAL) will probably bid for Anglo American's Capcoal and Dawson assets, while Whitehaven Coal Limited (ASX:WHC), Coronado Global Resources Inc. (ASX:CRN) and Stanmore Resources Limited could bid for the other more attractive mines, Moranbah North and Grosvenor. Other assets that form part of the Queensland portfolio are the Aquila project, an interest in Jellinbah and the potential Moranbah South project, producing about 16 million tonnes a year. Glencore would also be large enough to buy the mines, but the Swiss trader is yet to complete its acquisition of Teck Resources, so could be distracted with that. Other than that, it's hard to see what other groups would be well placed to buy the entire portfolio, with Whitehaven Coal busy digesting the coal mines it has only just bought from BHP. There's been a view that perhaps the reason why BHP sold its Daunia and Blackwater coal mines in the first place was to make way for the Anglo American assets it would inherit as part of its planned buyout, clearing any challenges it may face owning both from the Australian Competition & Consumer Commission. In terms of selecting an investment bank, Anglo American has used Goldman Sachs and Morgan Stanley as its defence advisers so both could be well-placed. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$1.24, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 1x in the Metals and Mining industry in Australia. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$1.47 per share. Buy Or Sell Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to AU$1.17. The fair value is estimated to be AU$1.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.4% in 2 years. Earnings are forecast to grow by 845% in the next 2 years. Buy Or Sell Opportunity • May 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to AU$1.11. The fair value is estimated to be AU$1.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to grow by 881% in the next 2 years. Reported Earnings • May 07
First quarter 2024 earnings released: US$0.017 loss per share (vs US$0.064 profit in 1Q 2023) First quarter 2024 results: US$0.017 loss per share (down from US$0.064 profit in 1Q 2023). Revenue: US$668.1m (down 13% from 1Q 2023). Net loss: US$29.0m (down 127% from profit in 1Q 2023). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Apr 19
Coronado Global Resources Inc. to Report Q1, 2024 Results on Apr 30, 2024 Coronado Global Resources Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024 Declared Dividend • Feb 22
Final dividend of US$0.005 announced Shareholders will receive a dividend of US$0.005. Ex-date: 11th March 2024 Payment date: 4th April 2024 Dividend yield will be 1.0%, which is lower than the industry average of 5.1%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 54%. Announcement • Feb 20
Coronado Global Resources Inc. Announces Dividend for the Period of Six Months Ended 31 December 2023, Payable on 4 April 2024 Coronado Global Resources Inc. announced dividend of USD 0.00500000 per share for the period of six months ended 31 December 2023. Scheduled dates are as follows: Ex Date 11 March 2024, Record Date 12 March 2024 and payment date of 4 April 2024. Reported Earnings • Feb 20
Full year 2023 earnings released: EPS: US$0.093 (vs US$0.46 in FY 2022) Full year 2023 results: EPS: US$0.093 (down from US$0.46 in FY 2022). Revenue: US$2.89b (down 19% from FY 2022). Net income: US$156.1m (down 80% from FY 2022). Profit margin: 5.4% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Coronado Global Resources Inc., Annual General Meeting, Jun 06, 2024 Coronado Global Resources Inc., Annual General Meeting, Jun 06, 2024, at 10:01 E. Australia Standard Time. New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.1% net profit margin). Buy Or Sell Opportunity • Jan 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to AU$1.64. The fair value is estimated to be AU$2.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.5% per annum. Earnings are also forecast to decline by 2.2% per annum over the same time period. Buying Opportunity • Jan 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be AU$2.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.9% in 2 years. Earnings is forecast to grow by 15% in the next 2 years. Buying Opportunity • Dec 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be AU$2.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.3% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Announcement • Dec 09
Coronado Global Resources Inc. Announces Committee Changes Coronado Global Resources Inc. on August 31, 2023 (September 1, 2023 in Australia), the Board appointed Jan C. Wilson and Aimee R. Allen to the Board, effective immediately. The company announced that on December 7, 2023 (December 8, 2023 in Australia), the Board appointed Ms. Wilson to the Audit, Governance and Risk Committee and appointed Ms. Allen to the Health, Safety, Environment and Community Committee. Reported Earnings • Nov 09
Third quarter 2023 earnings released: US$0.013 loss per share (vs US$0.09 profit in 3Q 2022) Third quarter 2023 results: US$0.013 loss per share (down from US$0.09 profit in 3Q 2022). Revenue: US$717.8m (down 18% from 3Q 2022). Net loss: US$21.1m (down 114% from profit in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 01
Now 21% undervalued Over the last 90 days, the stock is up 3.5%. The fair value is estimated to be AU$2.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 1.9% per annum. Earnings is also forecast to decline by 15% per annum over the same time period. Announcement • Oct 07
Coronado Global Resources Inc. to Report Q3, 2023 Results on Oct 27, 2023 Coronado Global Resources Inc. announced that they will report Q3, 2023 results on Oct 27, 2023 Announcement • Sep 27
Sev.En Global Investments A.S. agreed to acquire 51% stake in Coronado Global Resources Inc. (ASX:CRN) from EMG Fund II Management, L.P. Sev.En Global Investments A.S. agreed to acquire 51% stake in Coronado Global Resources Inc. (ASX:CRN) from EMG Fund II Management, L.P. on September 25, 2023. Coronado notes the acquisition is subject to customary closing conditions, including regulatory approvals in the U.S. and Australia (which Coronado has been advised includes approval of Australia’s Foreign Investment Review Board (FIRB) and HSR approval by the Federal Trade Commission (FTC) and may also include approval by the Committee on Foreign Investment in the United States (CFIUS)). Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$1.88, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 205% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$3.48 per share. Announcement • Aug 31
Coronado Reportedly in Talks with South32 on Coal Asset Speculation is mounting that Coronado Global Resources Inc. (ASX:CRN) has been in bilateral talks with South32 Limited (ASX:S32) about an acquisition of the latter's $1 billion-odd Illawarra Metallurgical Coal operations. Coronado has staged an exit from the contest for BHP's two Queensland coal mines, Daunia and Blackwater, expected to sell for more than $3 billion ($4.6 billion) combined. While delivering its recent result, South32 chief executive Graham Kerr said South32 was not running a sale process for the asset, but that "everything's for sale at the right price". Mr. Kerr said there were currently a limited number of buyers in the market, when asked whether the group would wait until the BHP coal sale had concluded. The responses were in the context of speculation that South32 will once again be weighing a sale, as flagged by DataRoom last week. Coronado said in its half-year result this month that its strong balance sheet meant it could pursue inorganic opportunities, but was mindful that global economies and markets could be volatile, and any acquisitions would not sacrifice the company's financial strength and stability. After vying for BHP's coal mines in its Macquarie Capital-advised contest, Coronado withdrew, with the talk being that prices were too lofty for the group, despite operational synergies with owning the larger Blackwater asset that produces thermal and metallurgical coal, with its own Curragh open-cut coal mine 30km north in central Queensland. Private equity firm Energy & Minerals Group owns about 50% of Coronado and, based in Houston, it had been angling for a sale of Coronado to Peabody Energy last year before the talks collapsed. Coronado produces metallurgical or coking coal used to make steel from its Curragh operations in Queensland, and from two US mines. Illawarra Metallurgical Coal operations are in the Illawarra and Macarthur regions of the southern coalfields of NSW, about 75km south of Sydney. The asset produces 5,497 kilotonnes of premium-quality hard coking coal annually at its Appin and Dendrobium underground mines for steelmaking within Australia and around the world. Earlier, expectations were that the operation could be worth more than $1 billion, and there was chatter about a year ago that a sale by South32 was on the agenda. Announcement • Aug 12
Coronado Reportedly Exits BHP Coal Race Coronado Global Resources Inc. (ASX:CRN) is understood to have pulled out of the contest to buy BHP Group Limited (ASX:BHP)'s Queensland coal mines. Sources say that the country's largest miner, BHP, received high-priced bids for its two coal mines Daunia and Blackwater when they landed on 09 August 2023. A source said one of the competitors among the six shortlisted parties had dropped out of the competition, and insiders were pointing to Coronado on 10 August 2023. It comes after DataRoom reported that there had been talk Coronado was slowing in its pursuit of the coal mines in the final stage of the race. Other parties contending for the assets are Whitehaven Coal, advised by UBS and Bank of America; Peabody Energy, advised by Goldman Sachs; Yancoal, advised by RBC; Stanmore Coal; and BUMA. Earlier, the expectation was that the mines were set to sell for a combined $3 billion-$5 billion ($4.5 billion -$7.5 billion). The Macquarie Capital-advised BHP is considering a sale of the assets separately. Whitehaven's focus is Daunia, sources say, while Coronado's focus was believed to be Blackwater, with its own Curragh open-cut coal mine 30km to the north in central Queensland. But this week Coronado, which has mines in Australia and the US, delivered a disappointing earnings result. Announcement • Aug 09
Coronado Global Resources Inc. Declares Bi-Annual Fully Franked Fixed Dividend, Payable on 19 September 2023 Coronado Global Resources Inc.'s board of directors has declared a bi-annual fully franked fixed dividend of $8.4 million, or 0.5 US cents per CDI to Shareholders in accordance with its dividend policy. The dividend record date is 29 August 2023, and payment date is 19 September 2023. New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 25% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (13% net profit margin). Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: US$0.054 (vs US$0.17 in 2Q 2022) Second quarter 2023 results: EPS: US$0.054 (down from US$0.17 in 2Q 2022). Revenue: US$727.5m (down 30% from 2Q 2022). Net income: US$91.3m (down 69% from 2Q 2022). Profit margin: 13% (down from 28% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jun 03
Coronado Global Resources Inc. Appoints Douglas Graham Thompson as Director Coronado Global Resources Inc. appointed Douglas Graham Thompson as director, Date of appointment is May 25, 2023. Board Change • May 30
High number of new directors Executive Chair Gerry Spindler was the last director to join the board, commencing their role in 2023. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: US$0.064 (vs US$0.16 in 1Q 2022) First quarter 2023 results: EPS: US$0.064 (down from US$0.16 in 1Q 2022). Revenue: US$765.7m (down 19% from 1Q 2022). Net income: US$107.9m (down 60% from 1Q 2022). Profit margin: 14% (down from 28% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 8.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Coronado Global Resources Inc. to Report Fiscal Year 2022 Results on Feb 21, 2023 Coronado Global Resources Inc. announced that they will report fiscal year 2022 results at 6:00 PM, Eastern Standard Time on Feb 21, 2023 Buying Opportunity • Nov 11
Now 22% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be AU$2.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 6.8% per annum. Earnings is also forecast to decline by 33% per annum over the same time period. Announcement • Nov 07
Coronado and Peabody Discontinue Combination Discussions Coronado Global Resources Inc. (ASX:CRN) announced that it has jointly agreed with Peabody Energy Corporation (NYSE:BTU) to cease discussions regarding a potential combination of the two companies. 7 November 2022 announcement does not impact Coronado's fourth quarter plans as outlined in recently released Quarterly production report and subsequent conference call conducted last week. Coronado continues to pursue and implement its existing capital management plans and remains focussed on its existing capital investments and long-term development strategy. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 22% share price gain to AU$2.27, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 8x in the Metals and Mining industry in Australia. Total returns to shareholders of 36% over the past three years. Announcement • Nov 01
Coronado Global Resources Inc. to Report Q3, 2022 Results on Nov 09, 2022 Coronado Global Resources Inc. announced that they will report Q3, 2022 results on Nov 09, 2022 Announcement • Oct 20
Coronado Reportedly Closer to Peabody Deal Further details are emerging about how a $10 billion merger between Coronado Global Resources Inc. (ASX:CRN) and Peabody Energy Corporation (NYSE:BTU) is taking shape. DataRoom understands that Coronado is the driver behind the deal, where it approached Peabody about a potential tie up. The proposal involves Peabody buying all of Coronado through the payment of shares, said sources. Coronado on October 12, 2022 confirmed reports in DataRoom over merger talks between the pair, releasing a statement to the stock exchange saying that it was in confidential discussions with Peabody regarding a potential combination transaction, with discussions ongoing. Coronado's major shareholder, Energy & Minerals Group, is based in Houston and is lobbying for the transaction to happen, as it would provide a way for it to reduce its exposure to Coronado, sources have told DataRoom. Announcement • Oct 13
Goldman Sachs Reportedly in the Frame for Coronado-Peabody Merger Goldman Sachs is thought to be involved with a potential merger between Coronado Global Resources Inc. (ASX:CRN) and Peabody Energy Corporation (NYSE:BTU). Coronado confirmed reports in DataRoom over merger talks between the pair, releasing a statement to the Australian Securities Exchange that it was in confidential discussions with Peabody regarding a potential combination transaction. Goldman Sachs has been close to Coronado in the past, assisting with its float, along with UBS and Credit Suisse, as well as its equity raising to pay down debt two years ago, with which Citi also offered assistance. Law firm Herbert Smith Freehills is also said to have an involvement. While few details exist about the nature of a mooted merger between Coronado and Peabody, most experts predict that a merger of equals is on the agenda between the companies. Announcement • Oct 12
Coronado Global Confirms Merger Talks with Peabody Energy Coronado Global Resources Inc. (ASX:CRN) confirmed on October 12, 2022 it was in confidential discussions with Peabody Energy Corporation (NYSE:BTU) regarding a potential "combination transaction". The Australian, citing sources, reported on October 11, 2022 that discussions were happening in New York, but said there was no clarity on the nature of these talks. Stocks of both coal miners have sharply rallied this year, as customers from Europe to Asia scramble for alternative sources of fuel in the aftermath of the European Union's sanctions on gas-rich Russia. Coronado, which owns coal mining facilities in Virginia and West Virginia state, said no agreement had been reached with Peabody and it did not divulge any details on a potential deal. Peabody did not immediately respond to a Reuters request for comment. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.73, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 8x in the Metals and Mining industry in Australia. Negligible returns to shareholders over past three years. Upcoming Dividend • Aug 22
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 20 September 2022. Payout ratio is a comfortable 3.4% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Australian dividend payers (6.3%). Lower than average of industry peers (9.6%). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 17% share price gain to AU$1.77, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Metals and Mining industry in Australia. Total loss to shareholders of 24% over the past three years. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: US$0.17 (vs US$0.036 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.17 (up from US$0.036 loss in 2Q 2021). Revenue: US$1.03b (up 143% from 2Q 2021). Net income: US$292.0m (up US$347.1m from 2Q 2021). Profit margin: 28% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 7.6%, compared to a 62,960% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Aug 02
Coronado Global Resources Inc. to Report First Half, 2022 Results on Aug 09, 2022 Coronado Global Resources Inc. announced that they will report first half, 2022 results on Aug 09, 2022 Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.73, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 8x in the Metals and Mining industry in Australia. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 19% share price decline to AU$1.74, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 9x in the Metals and Mining industry in Australia. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.05 per share. Upcoming Dividend • May 23
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 21 June 2022. Trailing yield: 0.1%. Lower than top quartile of Australian dividend payers (6.1%). Lower than average of industry peers (8.9%). Reported Earnings • May 11
First quarter 2022 earnings released: EPS: US$0.16 (vs US$0.03 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.16 (up from US$0.03 loss in 1Q 2021). Revenue: US$947.1m (up 152% from 1Q 2021). Net income: US$269.9m (up US$310.9m from 1Q 2021). Profit margin: 28% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 53%, compared to a 439% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.