Business Context and Reporting Period
Ramaco Resources, Inc. filed this Form 8-K on January 19, 2018, to provide corrected preliminary clean ton production results for the fourth quarter of 2017 and the full year 2017. The company previously submitted preliminary results to the Mine Safety and Health Administration, which have now been updated.
Key Financial and Operational Metrics
The filing focuses exclusively on operational production volumes (in millions of tons) and does not provide financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity.
| Mine Name | 1Q17 | 2Q17 | 3Q17 | 4Q17 | 2017 Total |
|---|---|---|---|---|---|
| Stonecoal Branch Mine No. 2 | 0.00 | 0.06 | 0.07 | 0.11 | 0.23 |
| Highwall Miner No. 1 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 |
| Eagle Seam Deep Mine | 0.00 | 0.01 | 0.08 | 0.13 | 0.22 |
| Ram Surface Mine No. 1 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Total | 0.00 | 0.071 | 0.142 | 0.273 | 0.486 |
Material Changes
This filing represents a correction to previously reported preliminary production data. The text does not provide a direct numerical comparison to the prior comparable period (2016) or the specific values of the initial preliminary report to quantify the magnitude of the change.
Guidance, Outlook, and Risks
The company states that the fourth-quarter 2017 results are preliminary and actual results may differ materially due to financial closing procedures and final adjustments. The filing includes standard forward-looking statement disclaimers, noting that future results are subject to risks and uncertainties outside the company's control. Ramaco Resources does not undertake an obligation to update these statements. Future announcements regarding developments and financial performance will be made via the company website.
Investor Verification Checklist
- Verify the final audited production figures for 2017 once the annual financial statements are released.
- Compare the corrected 2017 production totals (0.486 million tons) against the initial preliminary figures previously reported to the Mine Safety and Health Administration.
- Review the company's Form 10-K for the year ended December 31, 2017, to obtain revenue, profit, and liquidity data not included in this 8-K.
- Monitor the company website for further updates on operational developments.