Strong Fourth Quarter Performance
The fourth quarter was the strongest of the year for Ramaco Resources both financially and operationally, with record tons sold and cash costs well under $100 a ton.
Record Liquidity Levels
Ramaco ended the year with record levels of liquidity at $138 million, up more than 50% year on year, and maintained minimal net debt to EBITDA.
Cost Control Achievements
Despite a $30 per ton drop in met coal prices, cash mine costs remained well controlled, with margins at $33 a ton, showcasing strong operational efficiency.
Rare Earth Project Advancements
The rare earth and critical minerals project in Wyoming is progressing, with plans to begin full-scale mining in July and construction of a pilot processing facility in the fall.
Resilience in Challenging Market
Despite market challenges, Ramaco maintained strong cash margins and ended the year with a run rate of 4.5 million tons sold, the highest in company history.