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Earnings Call Summary | Ramaco Resources-A(METC.US) Q1 2024 Earnings Conference

Earnings Call Summary | Ramaco Resources-A(METC.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Ramaco Resources-A (METC.US) 2024 年第一季度業績會議
富途資訊 ·  05/10 07:34  · 電話會議

The following is a summary of the Ramaco Resources, Inc. (METC) Q1 2024 Earnings Call Transcript:

以下是拉馬科資源公司(METC)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Ramaco posted first quarter EBITDA of $24 million, representing a significant decrease from $50 million in Q4.

  • Realized prices dropped almost 20%, to $155 per ton, primarily driven by a downturn in prices, significantly affecting the March period.

  • A net income of $2 million was reported, down from $25 million in Q1 2023.

  • Cash costs increased from $109 per ton to $118 per ton given challenges with mine production.

  • 拉馬科公佈的第一季度息稅折舊攤銷前利潤爲2400萬美元,較第四季度的5000萬美元大幅下降。

  • 已實現價格下降了近20%,至每噸155美元,這主要是受價格下跌的推動,對3月份產生了重大影響。

  • 報告的淨收入爲200萬美元,低於2023年第一季度的2500萬美元。

  • 由於礦山生產面臨的挑戰,現金成本從每噸109美元增加到每噸118美元。

Business Progress:

業務進展:

  • Despite Q1 performance, Ramaco expects improvement due to anticipated production growth, improved cost discipline, and productivity enhancements.

  • Ramaco plans a sales and production increase of 1 million tons, or 30%, by Q4, and expects to cut CapEx by 30% in 2024.

  • Progress in the Rare Earth Element (REE) business shows double the volumes and concentration estimates from a year ago.

  • An increased revolver size from $125 million to $200 million provides extra flexibility to meet working capital requirements.

  • The company will focus on adding approximately 1 million tons of annual production in the second half of the year.

  • Ramaco's strategy includes a significant decline in cash costs for the rest of 2024.

  • The company plans to increase production levels at Elk Creek and initiate operations at the new Ram 3 surface and highwall mine.

  • 儘管第一季度業績,但拉馬科預計,由於預期的產量增長、成本紀律的改善和生產率的提高,情況會有所改善。

  • 拉馬科計劃到第四季度將銷售和產量增加100萬噸,增長30%,並預計將在2024年將資本支出削減30%。

  • 稀土元素(REE)業務的進展顯示,銷量和濃度估計值是去年同期的兩倍。

  • 將左輪手槍的規模從1.25億美元增加到2億美元,爲滿足營運資金需求提供了額外的靈活性。

  • 該公司將專注於在下半年增加約100萬噸的年產量。

  • 拉馬科的戰略包括在2024年剩餘時間內大幅降低現金成本。

  • 該公司計劃提高Elk Creek的產量,並在新的Ram 3露天和高牆礦開始運營。

More details: Ramaco Resources-A IR

更多詳情: Ramaco Resources-A IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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