Coronado Global Resources revises its EBITDA guidance
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.
Copyright 2019 – Finance News Network
Source: Finance News Network
