Ramaco Resources(METC)
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Ramaco Resources(METC) - 2025 Q2 - Earnings Call Presentation
2025-08-01 13:00
Financial Performance & Production - Ramaco reported revenue of $666 million and adjusted EBITDA of $106 million for the key 2024 metrics[11] - The company's sales volume reached 4 million tons[11] - Ramaco's net debt to adjusted EBITDA is less than 1.2x[11] - The company anticipates growing production at least 5% vs 2024[36] Cost Management - Ramaco's cash costs of $101 per ton in 1H25 were among the lowest of its publicly traded peer group[13] - Ramaco's 2Q25 cash costs were $103/ton[23] - The company's low cash costs per ton places it in the first quartile of the US cost curve[24] Rare Earth Elements (REE) Opportunity - The Brook Mine is expected to produce approximately 1,240 tons of rare earths and critical minerals annually[14,75] - Over 40% of the total estimated REO basket consists of primary magnetic REOs, gallium, germanium, and scandium[58] - The Brook Mine's revenue is estimated at $378 million, with $143 million EBITDA (38% margin) at steady state[71,75] - The company estimates a ~$12 billion NPV assuming an 8% discount rate[75]
Ramaco Resources (METC) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2025-07-31 23:31
Core Viewpoint - Ramaco Resources reported a quarterly loss of $0.29 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.22, marking an earnings surprise of -31.82% [1] - The company has shown mixed performance in terms of revenue, with $152.96 million reported for the quarter, surpassing the consensus estimate by 18.31%, but down from $155.32 million a year ago [2] Financial Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $174.19 million, and for the current fiscal year, it is -$0.49 on revenues of $615.13 million [7] Stock Performance - Ramaco Resources shares have increased by approximately 93.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.2% [3] - The stock currently holds a Zacks Rank of 4 (Sell), indicating expectations of underperformance in the near future [6] Industry Outlook - The coal industry, to which Ramaco Resources belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, suggesting a challenging environment [8] - The performance of Ramaco Resources may be influenced by the overall outlook of the coal industry [8] Competitor Insights - Warrior Met Coal, another company in the coal industry, is expected to report a quarterly loss of $0.28 per share, reflecting a year-over-year change of -120.7% [9] - Warrior Met Coal's revenues are anticipated to be $270.47 million, down 31.8% from the previous year [10]
Ramaco Resources(METC) - 2025 Q2 - Quarterly Results
2025-07-31 21:18
Exhibit 99.1 RAMACO RESOURCES REPORTS SECOND QUARTER 2025 RESULTS LEXINGTON, KY., July 31, 2025 -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company"), is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming. Today it reported financial results for the three and six months ended June 30, 2025. SECOND QUARTER 2025 HIGHLIGHTS MARKET COMMENTARY / 2025 OUTLOOK Sales and Marketin ...
Ramaco Releases Summary of Independent Preliminary Economic Assessment Report from Fluor Corporation
Prnewswire· 2025-07-10 21:00
Core Insights - Ramaco Resources, Inc. has released a summary of the independent Preliminary Economic Assessment (PEA) for its Brook Mine, prepared by Fluor Corporation, indicating the mine's commercial and technological feasibility [1][2] - The company is optimistic about the future, with a ribbon-cutting ceremony for the Brook Mine scheduled, marking a significant milestone for both Ramaco and the nation [2] Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also involved in coal, rare earth, and critical minerals production in Wyoming [3] - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production for a coal mine and rare earth development in Wyoming [3] - In 2023, Ramaco discovered a major deposit of primary magnetic rare earths and critical minerals at its Wyoming mine, and operates a carbon research facility related to advanced carbon products from coal [3] Future Prospects - The results of the PEA suggest that the Brook Mine will contribute positively to the company's growth and operational capabilities, aligning with its strategic objectives in the coal and rare earth sectors [2][3]
Update on Independent Preliminary Economic Assessment Report from Fluor Corporation
Prnewswire· 2025-07-08 20:30
Core Insights - Ramaco Resources, Inc. will receive a Preliminary Economic Assessment (PEA) of its Brook Mine from Fluor Corporation on July 9, 2025, which will be presented to the Board of Directors [1] - Following the presentation, Ramaco expects to release a summary of the updated information on its website within the week [1] Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [2] - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production at a coal mine and rare earth development near Sheridan, Wyoming [2] - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine [2] - Ramaco operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal, holding approximately 76 intellectual property patents and various licensing agreements [2]
Independent Preliminary Economic Assessment Report from Fluor Corporation Confirms Commercial and Technical Feasibility of Ramaco's Brook Mine Rare Earth Deposit
Prnewswire· 2025-07-01 12:00
Core Insights - The Fluor Corporation will deliver a full Preliminary Economic Assessment (PEA) of Ramaco Resources' Brook Mine by July 8, 2025, indicating a significant advancement in the project [1][2] - The Brook Mine is believed to contain the largest unconventional deposit of rare earth elements and critical minerals sourced from coal, which is commercially and technologically feasible [2][4] Economic Viability - The updated PEA confirms the viability of the Brook Mine project, validating Ramaco's development strategy and providing momentum for future phases [4] - The PEA outlines a net present value (NPV) of $1.197 billion at an 8% discount rate and $898 million at a 10% discount rate, with an internal rate of return (IRR) of 38% and an initial capital cost estimate of $473 million [8][15] Production and Revenue Projections - The project anticipates an adjusted EBITDA of $134 million by 2028, reaching $143 million by 2029, with annual revenue projected at $378 million [8][15] - The Brook Mine is expected to produce 1,242 short tons of rare earth oxides annually, including 456 tons of various critical minerals [11][12] Cost Structure - The total initial capital cost is estimated at $579 million, including a 22% contingency [9] - Annual steady-state costs are projected at $235 million, with mining costs at $27 million and processing costs at $195 million [12][15] Unique Geological Profile - The Brook Mine's geological profile allows for a more efficient extraction process with lower capital intensity compared to traditional hard rock mining, significantly reducing operational complexity and costs [5][6] Strategic Importance - The Brook Mine will be one of only two domestic sources of rare earth elements and the only source of heavy rare earth elements and critical minerals vital for the U.S. defense industry [18][19] - The mine is projected to support 3-5% of total U.S. permanent magnet demand and over 30% of the demand for U.S. defense applications [18] Development Timeline - Initial mining activities have commenced to procure ore for pilot-scale testing, with a pilot plant expected to be operational by mid-2026 [16]
Documents Available Regarding Ramaco's Brook Mine Rare Earth and Critical Minerals Project
Prnewswire· 2025-07-01 12:00
Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [1] - The company has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development project near Sheridan, Wyoming, which is in the initial stages of production [1] - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine [1] Intellectual Property and Research - Ramaco Resources holds approximately 76 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks related to its operations [1] - The company operates a carbon research and pilot facility focused on producing advanced carbon products and materials from coal [1] Communication and Investor Relations - Additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, is available on its website [1] - Investor relations can be contacted via email or phone for further inquiries [2]
Ramaco Resources (METC) Moves 6.1% Higher: Will This Strength Last?
ZACKS· 2025-06-30 15:00
Company Overview - Ramaco Resources (METC) shares increased by 6.1% to close at $12.2, with a notable trading volume, reflecting a 26.2% gain over the past four weeks [1] - The company is well-positioned due to its high-quality met coal production, primarily utilized in steel making, supported by robust infrastructure and a diversified customer base [2][3] Financial Performance - Ramaco is expected to report a quarterly loss of $0.25 per share, a significant year-over-year decline of 412.5%, with revenues projected at $129.29 million, down 16.8% from the previous year [4] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating a lack of upward earnings estimate revisions [5] Competitive Advantage - The company's favorable reserve geology allows for low cash production costs per ton, providing a competitive edge in the market [3] - Ramaco's extensive experience in acquiring, developing, financing, and operating coal assets enhances its operational efficiency and long-term value [3] Industry Context - Ramaco Resources is part of the Zacks Coal industry, where another company, Alliance Resource Partners (ARLP), has seen a 0.4% increase in its stock price, but has returned -2.4% over the past month [5] - Alliance Resource Partners is expected to report an EPS of $0.61, reflecting a year-over-year decline of 22.8% [6]
Ramaco Resources: High-Yield Dividend With Strategic Appeal
Seeking Alpha· 2025-06-27 21:43
Group 1 - Ramaco Resources, Inc. is a low-cost metallurgical coal producer with operations in Appalachia [1] - The company plans to expand into rare earth elements (REEs) and critical minerals through its Brook Mine in Wyoming [1] - Ramaco Resources is noted for its cost-efficiency in the metallurgical coal sector [1]
Ramaco Resources 8.375% Senior Notes: High Yield From A Stable Issuer
Seeking Alpha· 2025-05-19 17:38
Core Viewpoint - Current global uncertainty is leading to increased risk aversion among investors, prompting some to consider a more cautious investment approach [1] Group 1: Investment Strategy - The article outlines a versatile investment strategy suitable for various investor profiles, including those focused on dividends, value propositions, or growth opportunities [1]