Arch Is Revising Its Full Year 2023 Guidance For Coking Coal Sales Volumes To 8.6 To 8.9 Million Tons And Its Average Metallurgical Cash Cost Guidance To $88 To $91 Per Ton.
Portfolio Pulse from Benzinga Newsdesk
Arch Resources Inc. (ARCH) has revised its full year 2023 guidance for coking coal sales volumes to 8.6 to 8.9 million tons. The company also adjusted its average metallurgical cash cost guidance to $88 to $91 per ton.
October 02, 2023 | 11:06 am
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Arch Resources' revised guidance for 2023 could potentially impact its stock price. The company's coking coal sales volumes are expected to be between 8.6 to 8.9 million tons and the average metallurgical cash cost is projected to be $88 to $91 per ton.
The revised guidance indicates that Arch Resources is adjusting its expectations for the future. This could be due to a variety of factors, such as changes in the market or operational changes within the company. Investors may interpret this as a positive or negative sign, depending on the specifics of the revision and the company's overall performance. Therefore, the impact on the stock price could be neutral in the short term.
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