SMR Share Price History
25 Mar, 2021
Golden Energy And Resources Ltd -- Moody's affirms Golden Energy And Resources' B1 ratings; outlook stable
Rating Action: Moody's affirms Golden Energy And Resources' B1 ratings; outlook stableGlobal Credit Research - 25 Mar 2021Singapore, March 25, 2021 -- Moody's Investors Service has affirmed the B1 corporate family rating (CFR) of Golden Energy And Resources Ltd (GEAR). Despite challenging operating conditions including a considerable decline in thermal coal prices, GEMS increased production and cut costs to grow adjusted EBITDA to around $150 million in 2020, from around $140 million in 2019.Moody's expects GEMS' coal production to continue increasing over the next few years, subject to the receipt of higher production quotas from the Indonesian government each year.