Bowen Coking Coal (ASX:BCB) said it is on track to meet the upper end of its fiscal year production and sales guidance and achieve the lower end of its unit cost guidance, according to a Thursday Australian bourse filing.
The company's guidance for sales for the fiscal year ending June 30 is between 1.6 million tonnes to 1.9 million tonnes with run-of-mine coal mined between 2.7 million tonnes to 3 million tonnes.
The company reported March quarter coal sales of 447,000 tonnes with run-of-mine production of 618,000 tonnes and coal handling and preparation plant availability of 95% with utilization of 81%.
The company's shares were down 20% on Friday's close.
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