Ramaco Resources, Inc. Provides Production and Earnings Guidance for the Full Year 2022
August 08, 2022 at 04:33 pm EDT
Share
Ramaco Resources, Inc. provided production and earnings guidance for the full year 2022. For the year, the company expected total production of 2,800,000 ton to 3,100,000 ton.
Based on the midpoint of cost guidance, company estimates 2.8 million tons of committed sales currently translate into estimated 2022 net income of over $230 million (EPS of over $5.10).
Ramaco Resources, Inc. is a metallurgical coal company. The Company operates and develops metallurgical coal in southern West Virginia and southwestern Virginia. Its development portfolio primarily includes four properties: Elk Creek, Berwind, Knox Creek, and Maben. Its operations include six active mines at its Elk Creek mining complex, three active mines at its Berwind mining complex, two active mines at its Knox Creek mining complex, and one active mine at its Maben mining complex. The Elk Creek property consists of approximately 20,200 acres of controlled mineral rights and contains approximately 16 seams that it has targeted for production. The Berwind property consists of approximately 62,500 acres of controlled mineral rights. The Knox Creek Complex includes a preparation plant and 64,050 acres of controlled mineral rights. The Maben property is located in southern West Virginia and consists of approximately 28,000 acres of controlled mineral rights.
RAMACO RESOURCES, INC. 
