Bathurst Resources

At the Noosa Mining Conference 2026, Bathurst Resources emphasized robust demand for coking coal, a debt-free balance sheet with around NZD 120 million in cash reserves, and four profitable mines in New Zealand. Key growth projects are the Buller Plateaux Continuation Project (Capex NZD 105 million, first production 2028–2029) and the Tenas Project in British Columbia (Capex NZD 139 million, 22-year life, production start by 2030). Management sees room to fund projects from existing resources but cites permitting risks, First Nations concerns, and market risks as the main uncertainties. » More on de.investing.com

Bathurst Resources reports an 8% drop in revenue to NZD 182 million for the nine months to 31 March 2026 and a consolidated EBITDA of NZD 30 million (‑25%), with an operating loss of NZD 2 million. The company confirms its annual EBITDA guidance of NZD 35–45 million, holds NZD 141 million in cash and is virtually debt‑free, which is expected to fund planned development projects. Key projects are the Buller Plateaux Continuation Project in New Zealand and the Tenas project in British Columbia; Buller is seen as a near‑term catalyst because of a possible fast‑track approval process in 2026. Management is cutting dividends/share buybacks in favor of reinvestment, while an ongoing legal dispute with Talley’s Group remains a source of uncertainty. » More on de.investing.com

Bathurst Resources reported H1 2026 EPS of -0.01, missing the expectation of 0, while revenue remained steady at USD 12.18m. Higher operating costs and lower commodity prices weighed on EBITDA and net profit, but the company confirmed its EBITDA guidance of NZD 35–45m. Cash was strengthened by a NZD 155m capital raise, and the share price briefly rose 7.2% after the results but remained close to the 52‑week low. Management highlighted robust export production volumes and cost‑control measures. » More on de.investing.com