Whitehaven sinks on another downgrade

WHITEHAVEN Coal was the worst performer in the ASX today after the company cut guidance for a third time this year.

Whitehaven sinks on another downgrade Whitehaven sinks on another downgrade Whitehaven sinks on another downgrade Whitehaven sinks on another downgrade Whitehaven sinks on another downgrade

Whitehaven's Maules Creek mine

The company adjusted full-year production guidance from 20.6-21.4 million tonnes to 20.4Mt.

Original production guidance was 21-22.5Mt, which was lowered to 21.