Red ink marks Coronado results

EVERY metric was down for US-Australian metallurgical coal miner Coronado Global Resources over the past six months – except costs and injury rates – as the declining value of its commodity, sparked due to the crash in the global caused by the emerging COVID-19 pandemic, savaged the miner’s operations.

Red ink marks Coronado results Red ink marks Coronado results Red ink marks Coronado results Red ink marks Coronado results Red ink marks Coronado results

Coronado is trying to keep the wheels spinning

The company reported a net loss after tax of US$123 million, almost 160% lower than the year earlier, as earnings plunged 91% to $35 million, and revenue dropped 42% to $713.

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