- Ramaco Resources (METC, Financial) reported a net loss of $9.5 million in Q1 2025 despite achieving record production levels.
- The company's 2025 production guidance has been revised to 3.9-4.3 million tons, down from the previous 4.2-4.6 million tons due to challenging market conditions.
- Ramaco is advancing its rare earth elements project at Brook Mine, Wyoming, with large-scale mining set to begin in June 2025.
Ramaco Resources, Inc. (METC) has announced its financial results for the first quarter of 2025, reporting a net loss of $9.5 million, equivalent to an earnings per share (EPS) of -$0.19. Despite difficult market conditions, the firm managed to report an Adjusted EBITDA of $9.8 million, alongside achieving a record quarterly production, annualizing to 4.0 million tons.
Key financial metrics highlighted a cash cost per ton of $98, a $20 decrease from the previous year, and cash margins of $24 per ton. The company has also declared a quarterly dividend of $0.1811 per Class B share, payable on June 13, 2025.
Due to continuing weak market conditions, Ramaco reduced its 2025 production guidance to between 3.9 and 4.3 million tons, down from an earlier estimate of 4.2 to 4.6 million tons. Sales expectations have also been lowered to 4.1-4.5 million tons from the previous 4.4-4.8 million tons. However, Ramaco has already secured commitments for 3.7 million tons of production for 2025, representing over 90% of its revised guidance, with 2.2 million tons at fixed prices averaging $141 per ton.
The company's Brook Mine rare earth elements project in Wyoming is progressing, with large-scale mining operations set to commence in June 2025. The site is estimated to contain 1.7 million tons of Total Rare Earth Oxide (TREO), with commercial-scale production anticipated to begin in 2028, producing 1,400 metric tons per year of critical mineral oxides.
