BUZZ-Australia's TerraCom plunges after forecasting lower sales
Reuters
Dec 24, 2025
BUZZ-Australia's TerraCom plunges after forecasting lower sales
** Shares of Australia's TerraCom TER.AX slump as much as 23.3% to A$0.069, their steepest drop since March 1, 2021
** Coal miner says total sales volumes for the December quarter will be lower than 1.8 Mt in September quarter due to timing of rail access and vessel loading windows
** The co is also undertaking a partially underwritten renounceable entitlement offer to raise up to A$60 million ($40.21 million) to strengthen the balance sheet
** Around 8.5 mln shares change hands, nearly 1.6x 30-day average
** TER down 61.7% YTD
($1 = 1.4923 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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