Whitehaven narrows H1 loss

Coal miner delivers optimistic outlook, shares lift more than 2%.

Whitehaven Coal (WHC) has delivered an optimistic view of the rest of the year on the back of a narrowed interim loss, as the once struggling miner reaps the benefits of reductions in the cost of production and improved resilience to the volatility of the coal price.

Investors responded well to the coal miner's optimism. At 1035 AEDT, Whitehaven shares were 2.63% higher at $1.755 against a benchmark index slide of 0.03%. In earlier trade, Whitehaven shares hit as high as $1.7925.

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