NHC -4.19%: Out with quarterly production numbers today with run-of-mine coal production up 1% to 4.1 million tonnes relative to the prior, which okay, however saleable coal production of 2.5 million tonnes, was down 9% from 2.8 million tonnes last quarter. That fed into weaker sales for the period and earnings, with underlying EBITDA of $93.4m down ~40% q/q.
They re-affirmed run-of-mine coal production guidance of 15.9 million to 17.5 million tonnes, and saleable coal was also reiterated at 10.6 million to 11.6 million tonnes.
