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New Hope Corporation Limited (ASX:NHC)

ALERT: Price-sensitive ASX Announcement for NHC
Current share price for NHC : $6.100 0.87 (16.63%)+
Announcement
Release
18 May 2026 9:00AM
Price at Release
$5.230
Full Release
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Summary
The Quarterly Activities Report for New Hope Corporation Limited, dated 30 April 2026, highlights strong production and sales performance with Group ROM coal production reaching 4.3 million tonnes, marking a 5% increase from the previous quarter. The Group achieved coal sales of 3.2 million tonnes, a 10.4% rise on the previous quarter, with an average realized sales price of A$140.7 per tonne. The Bengalla Mine's FOB cash cost decreased by 12.4% to A$74.0 per sales tonne. The company's financial position remains robust with an available cash balance of $571.6 million as of the end of the quarter. A new issuance of $300 million senior unsecured convertible notes was successful, which extended debt maturity to 2032. The company's safety performance showed improvement with a decrease in high potential event frequency rates. The report also notes challenges in rail logistics, particularly due to industrial actions at Queensland Rail, and anticipates increased demand in upcoming months due to geopolitical tensions affecting global coal markets.
Key Points
  • Group ROM coal production was 4.3 million tonnes, up 5% from the previous quarter.
  • Coal sales totaled 3.2 million tonnes, a 10.4% increase from the previous quarter.
  • Average realized sales price was A$140.7 per tonne.
  • Bengalla Mine's FOB cash cost reduced by 12.4% to A$74.0 per sales tonne.
  • Available cash balance stood at $571.6 million by quarter-end.
  • Issued $300 million in new senior unsecured convertible notes due 2032.
  • Improved safety metrics with reduced high potential event frequency rate.
  • Rail logistics faced challenges due to industrial actions.
  • Anticipation of increased demand due to geopolitical tensions in energy markets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.