Business · Energy & Commodities · 3 hrs ago
Stanmore reports record coal production and declares interim dividend
Australian coal producer Stanmore Resources reported record quarterly production at its South Walker Creek mine.
It mined 5.3 million tonnes of raw coal and produced 3.4 million tonnes of saleable coal during the quarter.
Its average sales price rose 6% from the previous quarter to US$163 per tonne, while net debt fell by US$53 million to US$19 million.
The company declared a fully franked interim dividend of 2.2 US cents per share, meaning eligible shareholders receive a dividend with Australian tax credits attached.
Stanmore also agreed to pay US$105 million for Moranbah South tenements next to its existing operations, adding 724 million tonnes of measured and indicated coal resources.
The acquisition is expected to be completed in the fourth quarter of 2026 and is intended to support long-term production.
Stanmore expects full-year production to reach the top end of its guidance.
Stanmore Resources reported record quarterly coal production at South Walker Creek and declared a fully franked interim dividend of 2.2 US cents per share.
Run-of-mine coal mined rose to 5.3 million tonnes, while saleable coal production reached 3.4 million tonnes.
The average sales price increased 6% quarter-on-quarter to US$163 per tonne.
Total cash was US$231 million, and net debt fell by US$53 million during the quarter to US$19 million.
Stanmore agreed to acquire the Moranbah South tenements for US$105 million, adding 724 million tonnes of measured and indicated coal resources.
- Who
- Stanmore Resources Ltd.
- What
- It reported record quarterly coal production at South Walker Creek and declared a fully franked interim dividend of 2.2 US cents per share.
- When
- The report covered the third quarter of 2026.
- Where
- South Walker Creek; the article does not state its location.
- Why
- The company said production records followed its earlier prioritisation of stripping and pit preparation. It said the acquisition would add coal resources and support long-term production.
This story does not have two clearly opposing sides.
Stanmore prioritised stripping and pit preparation earlier in the year, according to its chief executive.
Stanmore reported record quarterly production at South Walker Creek and declared an interim dividend.
Completion of the Moranbah South tenements acquisition is expected.
- ROM coal mined
- 5.3 million tonnes
- Saleable coal production
- 3.4 million tonnes
- Average sales price
- US$163 per tonne, up 6% quarter-on-quarter
- Interim dividend
- 2.2 US cents per share, fully franked
- Moranbah South tenements
- Acquisition agreed for US$105 million; 724 million tonnes of measured and indicated coal resources
- Total cash and net debt
- US$231 million in cash; net debt of US$19 million after falling US$53 million during the quarter
What people are saying
Stanmore delivered another strong operational performance in the third quarter, with South Walker Creek achieving new quarterly records for both ROM and saleable production following our deliberate prioritisation of stripping and pit preparation earlier in the year.
With a strong third quarter now delivered, improved year-to-date cash generation, supportive market conditions and robust liquidity, we are pleased to report that the Board has resolved to declare a fully franked interim dividend of 2.2 US cents per share.