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LEXINGTON, Ky., May 12, 2021 /PRNewswire/ Ramaco Resources, Inc. (NASDAQ: METC) ( Ramaco or the Company ) today reported quarterly net income of $4.1 million, or $0.10 per diluted share for the three months ended March 31, 2021, which was over 100% above net income of $2.0 million or $0.05 per diluted share for the three months ended March 31, 2020.
The Company s adjusted earnings before interest, taxes, depreciation, amortization and equity-based compensation ( Adjusted EBITDA ) was $11.5 million for the three months ended March 31, 2021 almost 40% higher compared with $8.4 million of Adjusted EBITDA for the three months ended March 31, 2020.
Key operational and financial metrics are presented below:
Key Metrics
Ramaco Resources, Inc Reports Fourth Quarter 2020 Financial Results hazard-herald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hazard-herald.com Daily Mail and Mail on Sunday newspapers.
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LEXINGTON, Ky., Feb. 16, 2021 /PRNewswire/ Ramaco Resources, Inc. (NASDAQ: METC) ( Ramaco Resources or the Company ) today announced that its Board of Directors approved expenditure for opening two new mines. They are expected at full production to add almost one million new tons per year of additional low vol and mid-vol production, with initial production beginning in 2021. Together they will increase Ramaco s overall capacity by roughly 50%, to approximately 3 million tons of annual low-cost production.
Randall Atkins, Ramaco Resources Chairman and Chief Executive Officer remarked, Today, the Board approved the completion of the current Berwind slope which had been halted last year, as well as starting a new surface mine at the Knox Creek complex called the Big Creek mine. We look forward to resuming Ramaco s originally projected growth trajectory to over 4 million tons in this current strong market and plan to spend approximately
Ramaco Resources, Inc Announces Changes to Executive Leadership and Board of Directors messenger-inquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from messenger-inquirer.com Daily Mail and Mail on Sunday newspapers.