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Stock impact report

Hallador to idle two Sunrise coal mines, cut about 110 jobs [Yahoo! Finance]

Hallador Energy Company (HNRG) 
Last hallador energy company earnings: 3/9 05:24 pm Check Earnings Report
US:NASDAQ Investor Relations: halladorenergy.com
Company Research Source: Yahoo! Finance
The Terre Haute-based company said it will idle production at its Freelandville and Prosperity mines. The Freelandville mine is at Oaktown; Prosperity is at Petersburg. The company said the moves are intended to strengthen its finances. Hallador will cut its capital involved in coal production by about $10 million in 2024, and it will focus its remaining underground coal production elsewhere, it said in a news release. "As we transition Hallador from a coal production company to a vertically integrated independent power producer, we will idle production at our higher cost Freelandville and Prosperity Mines, reduce our capital reinvestment for coal production in 2024 by approximately $10 million, and focus our seven units of underground equipment on four units of our lowest cost production," the company wrote. "We will further improve the cost structure of these units by increasing their run time from five and a half days per week to seven days per week. We expect our coal produ Show less Read more
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