Stanmore Resources Ltd (AU:SMR) has released an update.
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Stanmore Resources Ltd reported a solid first quarter in 2024 with production volumes bouncing back strongly despite earlier weather challenges, aligning with annual projections. The company strategically acquired full control of the Eagle Downs project to enhance asset development and streamline operations. Despite a dip in metallurgical coal prices due to improved supply conditions and persistent global demand weakness, Stanmore remains confident with a robust forward sales program and a healthy financial position, marked by its addition to the S&P/ASX 200 index.
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