Whitehaven Coal releases March 2023 quarterly report

Whitehaven Coal Limited (ASX: WHC) announced first-quarter results as follows:

• Whitehaven's average coal price for quarter was AU$400/t, down from AU$527/t in the previous quarter.
• The March quarter had 4.3Mt of run-of-mine (ROM) output, a 12% decrease from the previous quarter.
• Total equity sales of produced coal were 3.4Mt in March, down 2% from the previous quarter (down 5% on pcp).
• The company earned AU$1.2 billion in cash from operations in the March quarter, leaving it with a net cash position of AU$2.7 billion as of 31 March 2023, after making an AU$552 million tax payment (in connection to FY22) and repaying AU$373 million to shareholders.

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