Stanmore Resources Ltd Q3 2026 Quarterly Activities Report
Key points
- Stanmore achieved record ROM and saleable production in Q3 2026
- Average sales price increased by 18% year-to-date
- Fully franked interim dividend of 2.2 US cents per share declared
- Agreement to acquire Moranbah South tenements for US$105 million
- Net debt reduced by US$53 million to US$19 million
Full summary
Stanmore Resources Ltd reported a strong operational performance in the third quarter of 2026, with South Walker Creek achieving new quarterly records for both ROM and saleable production. The company's deliberate prioritization of stripping and pit preparation earlier in the year contributed to these outcomes. Importantly, the quarter was completed without any serious accidents. Market conditions were supported by supply tightness, particularly from key Russian and Chinese production basins, which drove coal prices higher. The average sales price reached US$163/t, up 6% quarter-on-quarter and 18% year-to-date. This, combined with the company's strong operational performance, supported positive cash flow during the quarter. The company also announced an agreement to acquire 100% of the Moranbah South tenements for US$105 million, adding 724Mt of Measured and Indicated Coal Resources adjacent to Eagle Downs and the Isaac Plains Complex. The company's liquidity stood at US$501 million as of September 30, 2026, providing a strong platform to fund the remaining US$100 million completion payment for Moranbah South.
Guidance
Stanmore reaffirms its 2026 full year saleable production guidance, with production tracking towards the top end of the guidance range.
Outlook
The company enters the fourth quarter with healthy ROM stocks and production tracking towards the top end of the reaffirmed full-year saleable production guidance.
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