Patriot Coal (PCX) drops 7.3% after announcing its coal production will decline by 450K tons in...

|About: Patriot Coal Corp. (PCXCQ)|By:, SA News Editor

Patriot Coal (PCX) drops 7.3% after announcing its coal production will decline by 450K tons in Q3, primarily due to geological issues affecting 2 mines, and the early closure of another mine. As a result, Patriot expects the average cost per ton for its Appalachian miners to several dollars higher than prior guidance. (previously)