Whitehaven Coal Sees Costs at Low End of Guidance Amid Recovering Mines
Australia's Whitehaven Coal has reported annual output and sales near the top of its guidance range, while full-year costs are expected to come in at the low end of forecasts.
The company's Queensland mines recovered from weather disruptions in the prior quarter, with production up 41% sequentially. The New South Wales mines also saw a year-over-year rise in quarterly production, albeit lower than the previous quarter due to tougher mining conditions.
Whitehaven Coal earned A$222 per ton of coal sold in the fourth quarter, up from A$189 a year earlier, driven by stronger Asian demand for thermal coal following disrupted liquefied natural gas supply. Unit costs for 2026 are expected at about A$132 ($92.29) a metric ton, towards the low end of its forecast range.