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TerraCom Limited (ASX:TER)

ALERT: Price-sensitive ASX Announcement for TER
Current share price for TER : $0.079 0.015 (23.44%)+
Announcement
Release
31 Jul 2026 7:02PM
Price at Release
$0.064
Full Release
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Summary
TerraCom Limited's Quarterly Activities Report for the quarter ending 30 June 2026 highlights the impact of logistics timing and significant rainfall on sales. Despite these challenges, the company maintained a steady cash position, with intentions to strengthen production and operational stability by targeting FY27 sales guidance of 2.0-2.2 million tonnes. The Blair Athol Mine increased its production, and no dividends were declared to prioritize financial strength. The company is also advancing its foreign exchange strategy and strategic partnerships to support future growth.
Key Points
  • TerraCom Limited (ASX: TER) reported its quarterly activities for the period ending 30 June 2026.
  • Sales were impacted by logistics timing and heavy rainfall in the previous quarter, with the FY27 sales guidance set at 2.0-2.2 million tonnes.
  • The company held A$8.4 million in cash and A$54.4 million in restricted cash for rehabilitation bonding at Blair Athol.
  • Blair Athol Mine saw an increase in production with 446 kt of Run of Mine coal.
  • No dividend was declared; the focus remains on operational stability and balance sheet strength.
  • Mark Chadwick was appointed and subsequently resigned from the Board, while Richard Clarke was appointed as Interim CFO.
  • The South African operations maintained stable performance, and the company is enhancing its mining operations with additional equipment.
  • The company is examining hedging strategies to manage market volatility and continues to expand through strategic partnerships.
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.