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TerraCom Limited ( (AU:TER) ) has issued an announcement.
TerraCom Limited reported its quarterly results for December 2024, highlighting total coal sales of 1.6 million tonnes and equity coal sales of 934,000 tonnes. The company paid a dividend of $0.01 per share and is exploring initiatives to improve cash flow. Despite adverse weather impacting production, Blair Athol achieved a 9% increase in coal price and aims to reach a 1.8 million tonnes production target by June 2025. South African operations saw a decline due to seasonal factors, but overall market support remains robust.
More about TerraCom Limited
TerraCom Limited operates in the coal industry, focusing on the production and sale of thermal coal. The company is involved in both Australian and South African markets, with significant operations in the Blair Athol and New Clydesdale Colliery and North Block Complex sites. Its market focus includes both domestic and export coal sales, with a strong emphasis on maintaining cost-efficiency and expanding its project developments.
YTD Price Performance: 2.78%
Average Trading Volume: 1,554,536
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$148.2M
Learn more about TER stock on TipRanks’ Stock Analysis page.
