Bathurst maintains guidance despite reduced Stockton output

Tue, 23 Apr 2019

By Gavin Evans April 23 (BusinessDesk) - Bathurst Resources has maintained its full-year earnings guidance despite reduced production at Stockton and a shipping delay trimming March-quarter earnings. New Zealand’s biggest coal miner says earnings before interest, tax, depreciation and amortisation in its third quarter fell to $24 million in the period, down from $26 million in the December quarter and about $2 million less than the firm had been expecting. Stockton on the West Coast produced 255,000 tonnes of coal in the quarter, with...

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