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]
Share this article