Whitehaven Coal First Quarter Output Jumps 22 Percent
Australias Whitehaven Coal reported a nearly 22 percent rise in first-quarter managed run-of-mine production, driven by strong operations in Queensland and New South Wales. Output reached 11 million metric tons, beating analyst consensus estimates.
Insights:
Australia's Whitehaven Coal posted a 22% rise in first-quarter output to 11 million metric tons on Friday morning. The volume topped the Visible Alpha consensus estimate of 9.5 million metric tons. Realized coal prices climbed, boosting the miner's revenue stream.
