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Whitehaven Coal Provides FY 2021 Production Guidance Update

17 Jun 2021  |  09:26:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY21 Production guidance update

Whitehaven Coal updated FY 2021 production guidance from a range of 20.6-21.4Mt, to 20.4Mt and reaffirm managed coal sales and unit costs guidance. Continuing production performance at Maules Creek is expected to deliver 12.5Mt for the full year. Combined with production output of 3.8Mt at the Gunnedah Open Cuts, total open cut production is expected to deliver 16.3Mt FY 2021 ROM production from Narrabri is expected to be 4.1Mt (4.0Mt YTD). This reduction in guidance is attributable to downtime associated with the acceleration of engineering works to support the longwall operation and a recent geological event. Overhaul works on the longwall and machinery repairs are expected to be completed in the coming days.

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