Yancoal Australia Ltd. (AU:YAL) has released an update.
Yancoal Australia Ltd. reported a strong second quarter in 2024 with a steady average realised coal price of A$181/tonne and an increase in cash balance to A$1.55 billion, despite slight production volume decreases due to wet weather. The company continues to benefit from robust cash inflows, double its target operating costs, and maintains a strong financial position with no interest-bearing loans and significant operating margins, enabling pursuit of growth opportunities.
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