Stanmore Resources Limited (ASX:SMR) Announces 2024 Full Year Results
Operational Achievements
Stanmore Resources achieved record production in 2024 with consolidated ROM coal mined reaching 19.4 million tonnes and total coal sales of 14.2 million tonnes. Completion of large-scale capital programs, including the MRA2C creek diversion and CHPP expansion at South Walker Creek, supported increased productivity and future growth.
Financial Performance
The company reported total revenue from coal sales of US$2.4 billion and an underlying EBITDA of US$700 million. Operating cash flows stood at US$408 million, and Stanmore maintained a net debt position of US$26 million with total liquidity exceeding US$500 million. FOB cash costs were US$89/t, below Guidance.
Dividend Declaration
Stanmore declared a fully franked final dividend of US6.7c per share, totaling US$100 million for 2024, adding to the interim dividend paid last year.
Executive Comments
Marcelo Matos, Chief Executive Officer & Executive Director, stated, “2024 was a record production year for Stanmore, as capital reinvestment into our core operating assets began to yield results. Driven by strong productivity at Poitrel and South Walker Creek, saleable production exceeded Guidance on a consolidated basis, which translated into higher sales and helped deliver lower than Guidance final FOB cash costs.”
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