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Stanmore Resources Limited (ASX:SMR)

ALERT: Price-sensitive ASX Announcement for SMR
Current share price for SMR : $3.030 0.18 (6.32%)+
Release
27 Jul 2026 8:31AM
Price at Release
$2.850
Full Release
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Summary
Stanmore Resources Limited's Quarterly Activities Report for Q2 2026 highlights a significant recovery in coal production following adverse weather conditions in the first quarter. ROM coal production increased by 27% quarter-on-quarter, reaching 5.1Mt, and saleable production rose to 3.3Mt. The company maintained a strong safety record with no serious accidents, and submitted the Environmental Impact Statement for the Isaac Downs Extension. Financially, Stanmore refinanced its senior corporate debt, increasing its term loan and improving liquidity to US$408 million. The metallurgical coal market remained strong, benefiting the company's pricing and sales. Development projects, including the Isaac Downs Extension and Eagle Downs, are progressing well.
Key Points
  • Run of Mine (ROM) coal mined of 5.1Mt, a 27% increase quarter-on-quarter.
  • Closing ROM coal stockpiles of 1.2Mt, a 67% increase quarter-on-quarter.
  • Saleable production of 3.3Mt, up 3% quarter-on-quarter.
  • No serious accidents recorded during the quarter.
  • Isaac Downs Extension Environmental Impact Statement submitted.
  • Total cash as of 30 June 2026 was US$138 million.
  • Stanmore refinanced its senior corporate debt facilities, upsizing the term loan to US$250 million.
  • Metallurgical coal markets supported prices between US$230/t and US$245/t.
  • Development projects include Isaac Downs Extension, Eagle Downs, and Lancewood.
  • Net debt position was US$72 million with total liquidity of US$408 million.
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.