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Once in full operation, the mine will have a production capacity of 2.8 million tonnes per annum.

Paringa raises $30m

Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/05/18

1 year TSR5 year TSR
732ndParinga Resources-48%28%
723 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

15/06/18
$733k Issued
29/05/18
$625k Issued
29/05/18
$362k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

463rd↓Paringa Resources$0
508 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Paringa Resources

97thDavid Gay$762k
408thIan Middlemas$55k
Ranked by total remuneration from all listed WA companies

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