secwatch.observer — SEC 8-K summary
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Issuer:     Ramaco Resources, Inc. (METC)
CIK:        0001687187
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001104659-23-055558
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ramaco reports Q1 net income $25.3M ($0.57 EPS), reveals major REE deposit at Brook Mine
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- Q1 net income $25.3M vs $14.4M Q4 2022; Adjusted EBITDA $48.3M; record production 834K tons, record sales 757K tons.
- 2023 production guidance raised to 3.1-3.6M tons; sales guidance raised to 3.3-3.8M tons (45% YoY increase).
- Weir International estimates 181K-226K tons of magnetic rare earth oxide (MREO) at Brook Mine; 28% of deposit is magnetic REEs.
- First section at Berwind No.1 mine ramping as expected; Board approved second section by mid-2023 adding ~300K tons annualized.
- Cash costs on company-produced coal fell to $105/ton from $114/ton Q4 2022; Elk Creek costs declined 10% sequentially to $90/ton.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687187/000110465923055558/0001104659-23-055558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687187/000110465923055558/tm2314563d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055558

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