Brief: Ramaco Resources Inc Announces Increase Of Its Q1 2023 Cash Dividend And Q4 2022 And FY 2023 Guidance

Ramaco Resources

08/12/2022 14:08

Dec 8 (Reuters) - Ramaco Resources Inc  METC.O :
    * RAMACO RESOURCES, INC. ANNOUNCES INCREASE OF ITS
FIRST-QUARTER
2023 CASH DIVIDEND AND FOURTH-QUARTER 2022 AND FULL-YEAR 2023
GUIDANCE
    * RAMACO RESOURCES INC - BOARD OF DIRECTORS APPROVED A 10%
INCREASE IN ITS CASH DIVIDEND
    * RAMACO RESOURCES INC - EXPECTS Q4 EARNINGS TO BE IN RANGE
OF
$0.50 TO $0.60 PER DILUTED SHARE
    * RAMACO RESOURCES INC - EXPECTS Q4 2022 ADJUSTED EBITDA TO
BE IN
RANGE OF $40 MILLION TO $50 MILLION
    * RAMACO RESOURCES INC - Q4 2022 ADJUSTED EBITDA ESTIMATE
INCLUDES
NEGATIVE IMPACT OF APPROXIMATELY $6 MILLION OF BERWIND MINE IDLE
COSTS
    * RAMACO RESOURCES INC - FULL-YEAR 2023 GUIDANCE INCLUDES A
MATERIAL INCREASE IN PRODUCTION AND SALES FROM 2022 LEVELS
    * RAMACO RESOURCES INC - TOTAL 2023 PRODUCTION IS EXPECTED
TO BE
IN RANGE OF 3.0-3.5 MILLION TONS
    * RAMACO RESOURCES INC - EXPECTS TO SHIP NEAR CURRENT LEVELS
IN Q1
OF 2023
    * RAMACO RESOURCES INC - EXPECTS BERWIND NO.1 MINE TO RETURN
TO
PRODUCTION BY APRIL 1, 2023
    * RAMACO RESOURCES - ULTIMATELY ANTICIPATES 2023 SHIPMENTS
WILL
EXCEED PRODUCTION BY ROUGHLY 200,000 TONS DUE TO SHIPPING
INVENTORY BUILT DURING 2022
    * RAMACO RESOURCES INC - EXPECTS TO INCUR A COST RANGE OF
$97 TO
$103 PER TON FOR FULL-YEAR 2023
    * RAMACO RESOURCES INC - ANTICIPATES AN OVERALL RANGE OF
BETWEEN
$60 MILLION AND $80 MILLION FOR CAPITAL EXPENDITURES IN 2023

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