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Stanmore Resources Limited (ASX:SMR)

ALERT: Price-sensitive ASX Announcement for SMR
Current share price for SMR : $2.680 0.44 (19.64%)+
Announcement
Release
29 Apr 2026 8:26AM
Price at Release
$2.240
Full Release
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Summary
Stanmore Resources Limited's Q1 2026 Quarterly Activities Report highlights a steady safety performance with a Serious Accident Frequency Rate of 0.50, below industry average. The company reported consolidated sales volumes of 3.0Mt, with a higher proportion of thermal coal affecting price realizations. Stanmore achieved a total liquidity of US$436 million, despite net debt rising to US$79 million, largely due to a dividend payout. The production guidance remained unchanged, supported by strong performances at its mining operations, such as record-breaking outputs at South Walker Creek. The FOB Cash Cost Guidance was revised due to macroeconomic factors like diesel pricing and foreign exchange rates. The Isaac Downs Extension project is progressing on schedule, aimed at a second-quarter environmental impact submission. Coal market dynamics were influenced by external factors including Middle East conflicts, impacting fuel pricing.
Key Points
  • Safety performance remained below industry average with a Serious Accident Frequency Rate of 0.50.
  • Sales volumes reached 3.0Mt with a higher proportion of thermal coal.
  • Consolidated cash position was US$166 million, with net debt of US$79 million.
  • Saleable production guidance remains unchanged.
  • Record production at South Walker Creek in March.
  • FOB Cash Cost Guidance revised due to macroeconomic impacts.
  • Isaac Downs Extension project is on track for environmental impact submission.
  • External factors such as Middle East conflicts influenced coal market dynamics.
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.