• Operations at Mammoth Underground Mine resumed after safety measures implemented
• Australian open-cut operations stabilized after Tropical Cyclone Koji
• Curragh Complex coal processing plants shutdown completed, unlocking improved throughput and product mix

Coronado Global Resources Inc. (ASX: CRN) has provided a business update, covering various aspects of its operations. Operations at the Mammoth Underground Mine, which were suspended following a fatal accident on January 2, 2026, have now resumed after the contracted operator complied with safety measures prescribed by Resources Safety and Health Queensland (RSHQ). Full production from the mine is expected to be safely restored within the coming weeks. The company's Australian open-cut operations have also stabilized following Tropical Cyclone Koji, with no material impact on production expected beyond typical seasonal disruptions. Additionally, the planned two-week shutdown on the Curragh Complex's coal processing plants has been successfully completed, and is expected to unlock improved throughput and product mix from the Curragh Complex mines. Regarding the company's U.S. operations, sustained weakness in the U.S. High-Vol markets has caused realised pricing at Logan to remain below cash operating cost, leading the company to take steps to preserve liquidity and protect shareholder value, including curtailing production to cover contractual commitments carried over from 2025. The company also provides an update on the Queensland Financial Provisioning Scheme's annual review allocation decision for the Curragh Complex's Environmental Authority, which confirms that no surety is required to be provided for the Estimated Rehabilitation Cost (ERC), but a pool contribution of 6.5% of the ERC (~US$15 million) is required to be paid into the scheme by the end of the March quarter.

In the March 2026 quarter, Coronado's cash flow is expected to benefit from the US$15/t uplift in Premium Low Volatile (PLV) coal pricing that occurred during the December 2025 quarter, with prices averaging $200/t, as compared to $185/t for the nine months ended 30 September 2025. The June 2026 quarter is expected to benefit from the current US$250/t PLV price, representing a further $50/t uplift, and stronger production output.

Market fundamentals for high-quality metallurgical coal remain supportive, underpinned by stable steel production in key regions and supply-side constraints. Coronado believes it is well positioned to benefit from recent pricing strength and the designation of metallurgical coal as a strategic or critical mineral in both India and the United States.