Ramaco Resources, Inc. Announces Updated Status of Mining Operations at Berwind Mine Complex and Domestic Sales Commitments for 2019
Ramaco Resources, Inc. (METC)
Last ramaco resources, inc. earnings: 2/20 04:59 pm
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US:NASDAQ Investor Relations:
ramacoresources.com/contact-us/investor-relations
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Source: GlobeNewswire
LEXINGTON, Ky., Sept. 11, 2018 (GLOBE NEWSWIRE) -- Ramaco Resources, Inc. (NASDAQ: METC) announces updated mining information for its Berwind mine and commitments for the sale of metallurgical coal to domestic customers for 2019. The Company previously announced that it had encountered a sandstone intrusion in the Berwind mine which required the Company to explore relocating its original mining route in the Pocahontas #3 Seam to reach the more prolific Pocahontas #4 Seam. After new exploratory drilling at the Berwind mine, the Company has further defined the extent of the sandstone formation and has implemented an alternative mine plan to mine around it and ramp up into the Pocahontas #4 Seam. It will now continue to mine in an alternate path through the Pocahontas #3 Seam at an expected annualized rate of approximately 200,000 tons per year. These developmental tons are expected to be sold at current pricing levels into the low volatile metallurgical market. The Company now estim
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METC
Earnings
- 3/7/24 - Miss
METC
Sec Filings
- 3/14/24 - Form 10-K
- 3/7/24 - Form 8-K
- 3/4/24 - Form 4
- METC's page on the SEC website