Full Year 2019 Coronado Global Resources Inc Earnings Call Transcript
Welcome to the Fiscal Year '19 Full Year Wrap-Up for Coronado. We will start, as we always do, with safety.
We stayed below the averages for the incident rate in our respective jurisdictions throughout '19. However, we had the worst thing that can happen in this business: a fatality at the beginning of 2020. Our condolences and sympathies to the family of the deceased, and we are engaging with regulators in an ongoing investigation and redoubling our efforts to make sure that the incident or anything like this never happens again.
Now by the numbers, financial performance. We reported for fiscal year '19 net income of $305.5 million, which was up $190.9 million or 166.6% compared to fiscal year '18 and up $136.6 million and nearly 81% compared to pro forma fiscal year '18 of $168.9 million. Adjusted EBITDA of $634.2 million was up nearly 6% compared to fiscal year '18 of $598.6 million. And group mining costs, which drove the performance, dropped nearly 8% -- or a little over 8% to $51.80 a tonne as a result of
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