2346 GMT - Whitehaven Coal's output in its latest quarter is a robust beat to Citi's forecasts. Whitehaven produced 9.7 million tons of unprocessed or so-called run-of-mine coal in 2Q, in line with 1Q. Citi, which has a buy call on Whitehaven, had anticipated 2Q output of some 8.4 million tons. Whitehaven's shares rise 3.1%, having been on a broad downtrend since mid-October. CEO Paul Flynn says the miner is on track to "deliver firmly in the upper half of FY 2025 production and sales guidance" and at the low end of its target range for costs. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 28, 2025 18:46 ET (23:46 GMT)
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