PNL.AX - Paringa Resources Limited

ASX - ASX Delayed Price. Currency in AUD
0.0460
-0.0040 (-8.00%)
At close: 1:10PM AEDT
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Previous Close0.0500
Open0.0480
Bid0.0460 x 0
Ask0.0470 x 0
Day's Range0.0460 - 0.0480
52 Week Range0.0450 - 0.1937
Volume140,000
Avg. Volume3,002,573
Market Cap23M
Beta (3Y Monthly)0.58
PE Ratio (TTM)N/A
EPS (TTM)-0.0290
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.54
  • ACCESSWIRE

    Paringa Closes Us$9 Million Royalty Financing

    NEW YORK, NY / ACCESSWIRE / November 26, 2019 / Paringa Resources Limited ("Paringa" or "Company") (NASDAQ:PNRL, ASX:PNL) is pleased to advise, further to its announcement on September 18, 2019, that it has granted a royalty over the Company's Buck Creek Mining Complex to SP2 Royalty Co, LLC (an entity of which certain funds advised by Tribeca Global Resources Credit Pty Limited ("Tribeca") are members) to raise US$9.0 million (before costs) ("Royalty Financing"). Proceeds from the Royalty Financing have been received and will be used to fund Poplar Grove's mine ramp-up to positive cashflow. The Company has also executed an amendment to the Term Loan Facility ("TLF") with Tribeca (as agent) ("Term Loan Amendment") to, amongst other things, resize the second tranche of the TLF from US$16.0 million to US$10.0 million (Unit 3 capex is projected to be US$5.9 million), and to ensure that the previously announced termination of the Company's supply agreement with Big Rivers Electric Corporation and issues arising from a funding gap do not result in any events of default under the TLF.

  • ACCESSWIRE

    September 2019 Quarterly Report

    NEW YORK, NY / ACCESSWIRE / October 30, 2019 / Paringa Resources Limited ("Paringa" or "Company") (NASDAQ:PNRL) (ASX:PNL) is pleased to present its quarterly report for the period ending ...

  • ACCESSWIRE

    Paringa Records Quarterly Sales of ~US$5.7M

    NEW YORK, NY / ACCESSWIRE / October 7, 2019 / Paringa Resources Limited ("Paringa" or "Company") (PNRL)(PNL.AX) is pleased to provide an update on activities at the Poplar Grove mine in western Kentucky. Paringa continued to ramp up shipping of coal to customers during the September quarter, with approximately 136Kt of product barged from the Company's dock on the Green River, up from approximately 26Kt shipped during the June quarter. September quarter coal sales equate to revenues of approximately US$5.7M for the quarter (US$23M on an annualised basis).

  • ACCESSWIRE

    Commencement of Coal Sales to Second Customer

    Paringa has commenced shipping coal to its second customer OVEC-IKEC, with coal procured by AEP on behalf of OVEC-IKEC AEP is OVEC-IKEC's major shareholder and one of the largest electric energy companies ...

  • ACCESSWIRE

    Experienced Operations Executive Appointed

    NEW YORK, NY / ACCESSWIRE / September 16, 2019 / Paringa Resources Limited (“Paringa” or “Company”) (NASDAQ:PNRL)(ASX:PNL) is pleased to announce the appointment of Mr. Jim Middleton as Executive Advisor ...

  • ACCESSWIRE

    Poplar Grove Operations Update

    Paringa has received regulatory approval for an extended cut plan for the first mining unit (“Unit 1”) at Poplar Grove The extended cut plan enables the Unit 1 continuous miners (“CMs”) to increase the ...

  • The Paringa Resources (ASX:PNL) Share Price Is Down 79% So Some Shareholders Are Rather Upset
    Simply Wall St.

    The Paringa Resources (ASX:PNL) Share Price Is Down 79% So Some Shareholders Are Rather Upset

    Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We really hate to see...

  • ACCESSWIRE

    Paringa Resources (NASDAQ: PNRL) (ASX: PNL) Company Presentation

    NEW YORK, NY / ACCESSWIRE / June 12, 2019 / Paringa Resources Limited (NASDAQ: PNRL, ASX: PNL) is pleased to provide a company presentation relating to its Buck Creek Complex located in the Illinois Coal ...

  • ACCESSWIRE

    Paringa Closes US$56 Million Debt Refinancing and Completes First Drawdown

    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.

  • ACCESSWIRE

    March 2019 Quarterly Report

    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. ...

  • ACCESSWIRE

    Paringa Delivers First Coal to Customers

    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.

  • ACCESSWIRE

    Paringa Secures US$56 Million Debt Facility To Fund Poplar Grove Mine To 2.8MTPA

    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.

  • ACCESSWIRE

    Coal Production Ramping Up At Poplar Grove

    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.

  • Paringa Resources Limited (ASX:PNL) Is Expected To Breakeven
    Simply Wall St.

    Paringa Resources Limited (ASX:PNL) Is Expected To Breakeven

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Paringa Resources Limited's (ASX:PNL): Paringa Resources Limited, together with itsRead More...

  • GlobeNewswire

    Paringa Signs Third Coal Sales Agreement With a Major Utility for Up to 1.4 Million Tons

    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.

  • GlobeNewswire

    Paringa Intercepts the Kentucky Number 9 Coal Seam With the Poplar Grove Slope

    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.

  • GlobeNewswire

    Paringa Appoints U.S. Based CEO & MD

    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.