Coronado Global Resources revises its EBITDA guidance

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Coronado Global Resources (ASX:CRN) has updated its earnings guidance for the financial year due current weakness in benchmark prices for metallurgical coal.

It's EBITDA guidance range is now revised downwards to $995 million to $1,068 million.

The revised EBITDA guidance range is based on various assumptions, including a spot price of approximately $140 per tonne for the remainder of the year.

This is below the spot price of $160 at the time of the Half Year Results announcement on 5 August 2019.

Shares in Coronado Global Resources (ASX:CRN) closed 0.82 per cent lower to $2.43 yesterday.
 
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Source: Finance News Network