BUZZ-Australia's Stanmore Resources falls on weak quarterly coal production

Reuters

01-28

BUZZ-Australia's Stanmore Resources falls on weak quarterly coal production

** Shares of Stanmore Resources SMR.AX fall 7.6% to A$2.66, set for their biggest daily pct loss since early-December 2023

** Mineral explorer says December-quarter run of mine coal mined was 4.1 mln tons (mt), down from 5.8 mt in the previous quarter

** Says its quarterly saleable coal produced was 3.3 mt vs 3.8 mt in prvs quarter

** Stock fifth-biggest loser in the benchmark ASX 200 index .AXJO

** Shares hit their lowest level since Sept. 23, 2024

** Stock fell 25% last year

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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