Western Coal announces fiscal Q2-2010 operations update and Q2-2010 earnings
release date
Fiscal Q2-2010 Operations Update
For the quarter ending
Shipments (000 metric tonnes)
- Hard coking coal 370
- Low-vol PCI coal 248
Production (000 metric tonnes)
- Hard coking coal 327
- Low-vol PCI 166
Average sales price realized
- US$ per metric tonne $111
- C$ per metric tonne $122
Average cash costs, FOB (C$/tonne)* $90
Operating results from its US operations from
Shipments (000 short tons)
- Metallurgical coal 95
- Thermal coal 182
Production (000 short tons)
- Metallurgical coal 102
- Thermal coal 202
Average sales price realized
- US$ per short ton $88
- C$ per short ton $96
Average cash costs per short ton (C$/ton)* $70
* not a measure recognized under Canadian GAAP and does not have a
standardized meaning
(xx) date of acquisition
During the quarter, the average waste stripping ratio (waste BCM per tonne of clean coal produced) at the Wolverine Operation was approximately 12.4:1 and continues to fall towards fiscal 2010 target levels of 11:1. The stripping ratio is a key indicator of cash costs of the operations.
The Company ended the quarter in excess of
Fiscal Q2-2010 Earnings Release and Conference Call
Western expects to release fiscal Q2-2010 financial results before the TSX opens on
The call will be webcast live and will be available at www.westerncoal.com
About Western
Western is a producer of high quality metallurgical and thermal coal from mines located in northeast British Columbia (
For further information: David Jan, Director, Investor Relations, (604) 608-2692, [email protected]
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