Q1 2024 Stanmore Resources Ltd Activities Report Call Transcript

Apr 23, 2024 / 12:00AM GMT
Operator

Thank you for standing by, and welcome to the Stanmore Resources Limited Quarterly Activities Report 1Q 2024 Conference Call. (Operator Instructions) There will be a presentation followed by a question-and-answer session. (Operator Instructions)

I would now like to hand the conference over to Mr. Marcelo Matos, Chief Executive Officer and Executive Director. Please go ahead.

Marcelo Matos - Stanmore Resources Limited - CEO & Executive Director

Good morning, everyone, and thank you again for joining us today to go through our first quarterly activities report for 2024. It's been another strong quarter for Stanmore operationally with production and shipments tracking on plan and in line with the guidance run rate with good recovery from the weather events experienced in the quarter. Market conditions were clearly weakening with the headline premium low-vol hard coking coal prices reducing by around 32% over the quarter as demand conditions softened and some recovery in global supply materialized. Nonetheless, we take a little bit of comfort in a

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