|Bid||5.14 x 1000|
|Ask||5.67 x 900|
|Day's Range||5.15 - 5.15|
|52 Week Range||4.70 - 10.38|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NEW YORK, NY / ACCESSWIRE / April 30, 2019 / Paringa Resources Limited (''Paringa'' or ''the Company'') (NASDAQ: PNRL, ASX: PNL) is pleased to advise that it has achieved financial close for its US$56 million Term Loan Facility (''TLF'') with Tribeca Global Resources Credit Pty Ltd ("Tribeca") (as agent) and Tribeca Global Natural Resources Ltd (ASX:TGF) and the Tribeca Global Natural Resources Credit Funds (as lenders). Paringa has drawn the first US$40 million tranche of the TLF, having satisfied all conditions precedent under the facility agreement to achieve financial close and drawdown the first tranche of the TLF.
NEW YORK, NY / ACCESSWIRE / April 29, 2019 / Paringa Resources Limited (''Paringa'' or ''Company'') (NASDAQ: PNRL, ASX: PNL) is pleased to present its quarterly report for the period ending March 31, 2019. ...
Maiden shipment of 1,500 tons of washed coal has been loaded onto barges operated by Paringa's cornerstone customer, LG&E and KU. This follows the successful delivery of first coal from the Poplar Grove operation to the Ainsworth Dock. Coal quality exceeded contract specifications, validating the CHPP ramp-up performance.
Underground mining progressing well, with the coal face and roof support operations performing as expected. The mine development contractor has demobilised. Consequently, the Company has decided to bring forward installation of the slope conveyor.
The Term Loan Facility will be used to refinance Paringa's existing US$21.7 million debt facility, fund accelerated expansion of the 3rd mining unit and provide additional working capital. Based on long term committed contract prices and at a steady state production of ~2.8Mtpa, the Poplar Grove Mine is forecast to generate CY2021 and CY2023 EBITDA of ~A$40 million and ~A$50 million, respectively. The Company successfully commenced mining at Poplar Grove in Q1 2019 and first coal sales to LG&E are expected to commence during the week beginning 25 March 2019.
Raw coal production is ramping up to targeted levels at Poplar Grove and mining productivity is increasing. Raw coal has been brought to the surface and has been processed by Poplar Grove's coal handling and preparation plant ("CHPP"). All other surface infrastructure including the workshops, bath house and river dock has been commissioned.
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HIGHLIGHTS: Paringa has signed a new five-year coal sales agreement with Big Rivers Electric Corporation (“BREC”) to sell up to 1,400,000 tons of coal from 2019 to 2023The.
Paringa’s Poplar Grove Mine has intercepted the Western Kentucky # 9 coal seam with the primary mine slope and both ventilation shaftsAccess to the coal seam enables the Company.
NEW YORK, Dec. 11, 2018 -- Paringa Resources Limited (“Paringa” or “Company”) (NASDAQ: PNRL, ASX: PNL) is pleased to announce that it has appointed Egan J. Antill as Chief.
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