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TerraCom Limited (ASX:TER)

ALERT: Price-sensitive ASX Announcement for TER
Current share price for TER : $0.066 -0.008 (-10.81%)+
Announcement
Release
28 Apr 2026 9:05AM
Price at Release
$0.074
Full Release
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Summary
TerraCom Limited's quarterly activities report for the period ending 31 March 2026 highlights significant weather-related disruptions impacting logistics and coal sales. Despite these challenges, the company maintains its FY26 guidance of 1.6 Mt, supported by improved conditions and contracted sales for the upcoming June quarter. TerraCom completed a $60 million entitlement offer, bolstering its financial position amidst management transitions. Cost management remains a priority, with expectations for operating costs to moderate as logistics improve. The company also reported progress in its partnership with Wintime Energy Group Co. Ltd., while continuing to focus on operational discipline across its Australian and South African operations.
Key Points
  • Quarterly activities report for the period ended 31 March 2026.
  • March quarter impacted by adverse weather conditions affecting logistics.
  • FY26 guidance maintained at 1.6 Mt despite disruptions.
  • Completion of a $60 million entitlement offer to strengthen balance sheet.
  • Significant management changes including resignation of key executives.
  • Strong recovery forecasted with contracted sales for the June quarter.
  • FOB operating costs expected to moderate as conditions improve.
  • Partnership progress with Wintime Energy Group Co. Ltd.
  • Operations in Australia and South Africa continue with strategic focus on cost control.
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.