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Highlights
- Yancoal registered an AU$1.9 million increase in cash position.
- Run-of-mine coal production during the quarter was 13.2 million tonnes.
- Since Friday (21 October 2022) morning, the shares are buzzing in the green territory.
Shares of Yancoal Australia Limited (ASX:YAL) on Friday (21 October 2022) pushed higher on the ASX. The share prices are likely to be driven by the quarterly activities report shared by the group yesterday (20 October 2022). As per the ASX filing, the quarterly performance was driven by the average realised price of coal, which was 211% higher than the same period last year.
At 2:50 PM AEDT, Yancoal shares were spotted trading at AU$5.90 apiece, up 5.07%. Including today’s gain, Yancoal’s share price has increased by 23.28% in the past six months and on a year-to-date basis, it has skyrocketed by 110.89%. The yearly increase is 76.27%.
Key highlights of Yancoal's quarterly performance
- The average realised coal price during the quarter was AU$481 per tonne.
- The company reported a record increase in cash position within a quarter to AU$1.9 billion. After an AU$696 million payment of interim dividend and AU$1.2 billion payment of debt, the cash position reached AU$3.4 billion on 30 September 2022.
- Wet weather days and national labour shortage had impacted production, said Yancoal in a statement. The company has reported run-of-mine coal production of 13.2 million tonnes during the September quarter.
- The attributable saleable coal production was 7.3 million tonnes.
The attributable coal sales were 6.7 million tonnes.
FY22 guidance
Yancoal said in a statement,
