earnings
confidence high
sentiment negative
materiality 0.70
Ramaco Resources Q3 net loss $13.3M, trims 2025 guidance; advances rare earth projects
Ramaco Resources, Inc.
- Net loss of $13.3M, Class A diluted EPS -$0.25; adjusted EBITDA $8.4M.
- Record liquidity $272.4M; net cash >$77M after $200M equity raise and debt refinancing.
- 2025 production guidance cut to 3.7-3.9M tons (from 3.9M), sales to 3.8-4.1M tons (from 4.1M).
- Board approved strategic critical mineral terminal; upsized Brook Mine to 5M tons ore, targeting 3,400 tons/year oxides (up 175%).
- Cash costs fell to $97/ton, down $6 sequentially; cash margins improved 15% despite weak pricing.