Yancoal Australia Ltd. (AU:YAL) has released an update.
Yancoal Australia Ltd. reported a robust financial performance in the third quarter of 2024, with a cash balance increase of $430 million, totaling nearly $2 billion by the end of September. The company achieved a 26% increase in ROM coal volumes and a 24% increase in attributable saleable coal production compared to the previous quarter, despite a decrease in average realized coal prices. Yancoal’s strong cash position, along with no interest-bearing loans, positions it well to pursue growth opportunities.
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