Corsa Coal Corp. (TSE:CSO) has released an update.
Corsa Coal Corp. reported a significant turnaround with a net income of $23.6 million for the full year 2023, the highest since 2017, and an adjusted EBITDA of $28.1 million, marking the best performance since 2019. Despite operational challenges and increased production costs in the fourth quarter, the company saw an overall decrease in full-year cash production costs and aims for further reductions in 2024. The company also experienced a mix of domestic and international sales, with a strong average realized price per ton of metallurgical coal.
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