Ramaco Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 09, 2024 at 01:45 am IST
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Ramaco Resources, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 172.68 million compared to USD 166.36 million a year ago. Net income was USD 2.03 million compared to USD 25.26 million a year ago.
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. 
