June 2025 Quarterly Activities Report
| Stock | Stanmore Resources Ltd (SMR.ASX) |
|---|---|
| Release Time | 28 Jul 2025, 8:27 a.m. |
| Price Sensitive | Yes |
Stanmore Resources Q2 2025 Quarterly Report
- Higher ROM coal production, zero serious safety incidents, and positive cash flows
- Saleable production remained stable despite wet weather impacts
- Continued commitment to safety and proactive risk management
- Positive operating cash flows and reduced net debt quarter-on-quarter
Stanmore Resources Ltd reported a solid operational performance in the June 2025 quarter, with higher run-of-mine (ROM) coal production, zero serious safety incidents, and positive cash flows. ROM coal production increased by 15% compared to the previous quarter, supported by proactive adjustments to the mining schedule in response to wet weather conditions. Saleable production remained stable at 3.2Mt. The company's Serious Accident Frequency Rate returned to zero for the first time since late 2023, reflecting its continued commitment to safety and proactive risk management. Despite the ongoing impact of wet weather, Stanmore generated positive operating cash flows and reduced net debt quarter-on-quarter, supported by various cost improvement initiatives. The company remains focused on delivering on its full-year saleable production guidance of 13.8-14.4Mt, with higher production anticipated in the second half of the year. Exploration and development activities continued, including progress on the Eagle Downs Mine and Isaac Downs Extension projects. Stanmore maintained a robust balance sheet position, with total liquidity of US$401 million as of June 30, 2025.
Stanmore is pleased to reaffirm its 2025 saleable production guidance of 13.8-14.4Mt, with no other changes to guidance noted at this time. This includes guidance for South Walker Creek (6.5-6.7Mt), Poitrel (4.7-4.9Mt), and Isaac Plains Complex (2.6-2.8Mt).
The company remains well-positioned with strong liquidity and disciplined capital deployment to sustain its business during this period of cyclically low metallurgical coal prices. Stanmore is focused on the efficient operation of its mining assets and the identification of further development opportunities within the region.