Loading...
•
Mar 31, 2023
Ramaco Q1 2023 Earnings Report
Reported financial results, achieving record production and sales, and progressing on strategic initiatives.
Key Takeaways
Ramaco Resources reported record production and sales for Q1 2023. The company produced 834,000 tons and sold 757,000 tons. Non-GAAP cash cost of sales decreased to $105 per ton. The company is also exploring Rare Earth Element deposits at its Brook Mine.
Achieved record production of 834,000 tons in Q1 2023, a 25% increase year-over-year.
Achieved record sales of 757,000 tons in Q1 2023, up from 583,000 tons in the same period last year.
Non-GAAP cash cost of sales fell to $105 per ton in Q1 2023, down from $114 per ton in Q4 2022.
Increased revolving credit facility to $175 million.