Pardee Resources Company: Pardee Coal Operator Idles Mines

Core Viewpoint - Pardee Resources Company faces significant operational challenges as Greenbrier Minerals plans to idle seven coal mines, leading to layoffs of 530 employees due to adverse market conditions, which will negatively impact the company's revenue projections for 2026 [1] Group 1: Company Operations - Greenbrier Minerals issued a Worker Adjustment Retraining Notification indicating the idling of seven coal mines, including those on Pardee's Logan County property [1] - The layoffs are expected to begin around mid-April 2026, affecting 530 employees [1] - The mines were projected to generate between $4-5 million in revenues for the full year 2026 [1] Group 2: Market Conditions - The decision to idle the mines is attributed to "the current adverse market conditions" impacting the coal industry [1] - Pardee Resources Company is committed to replacing the lost production but acknowledges the uncertainty of achieving this goal [1]