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Ramaco Resources METC · USD

Materials · US listing · 🇺🇸 United States

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6.82

+9.29%

Close of 9 Nov 2026, in USD

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About Ramaco Resources

From its filings with the US Securities and Exchange Commission

SEC filings

Ramaco Resources is based in Lexington, Kentucky and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker METC. The SEC classifies its business as silver ores. In the fiscal year to 31 December 2025, it reported revenue of $536.6m and a net loss of $51.4m. At that date it held total assets of $1.14bn and shareholders' equity of $483.6m.

In its own words

We are an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia. We maintain 85 million reserve tons and 1,337 million measured and indicated resource tons of high-quality metallurgical coal. We believe our advantaged reserve geology provides us with higher productivity and industry-leading lower cash costs.

As of December 31, 2025, our operations included six active mines at our Elk Creek mining complex (the “Elk Creek Complex”), one active mine at our Berwind mining complex (the “Berwind Complex”), one active mine at our Knox Creek mining complex (the “Knox Creek Complex”), and one active mine at our Maben mining complex (the “Maben Complex”). We maintained four additional mines in idle status across our portfolio of mining complexes that can be reactivated when market conditions warrant.

Development of the Elk Creek Complex commenced in 2016 and included the construction of a preparation plant and rail load-out facilities. The Elk Creek property consists of approximately 20,200 acres of controlled mineral rights and contains approximately 16 seams targeted for production. The Elk Creek Complex produces high-volatile A and B metallurgical coals. Expansion of the Elk Creek preparation plant occurred in 2022 and 2023 in order to increase production, and high-volatile additions at the Elk Creek Complex occurred during 2024, which were fully in production by the end of the third quarter of 2024.

Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
3 Feb 2017
Employees
900
Head office
250 WEST MAIN STREET, LEXINGTON, KY, 40507
Incorporated in
DE
Classification
Silver Ores
Filer status
Accelerated filer

Leadership

Pay as last reported

  • Mr. Randall AtkinsChairman of the Board, Chief Executive Officer, since 2015$7.8m
  • Mr. Evan JenkinsVice Chairman of the Board, Secretary, since 2024
  • Mr. Jeremy SussmanChief Financial Officer, Assistant Secretary$3.2m
  • Mr. Christopher BlanchardExecutive Vice President - Mine Planning and Development$3.0m
  • Mr. Jason FanninExecutive Vice President, Chief Commercial Officer$3.2m
  • Mr. John MarcumExecutive Vice President - Production$2.7m
  • Mr. E. Forrest JonesGeneral Counsel, since 2021$243,121
  • Ms. Jessica GraneyDirector
  • Mr. Bryan LawrenceDirector
  • Mr. Peter LeidelDirector
  • Mr. C. Lynch ChristianIndependent Director$243,121
  • Mr. David FrischkornIndependent Director$243,121

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
23
Environment
3
Social
47
Governance
20
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Ramaco Resources operates 4 key coal properties including Elk Creek and Berwind in West Virginia.
  • The company manages over 92,000 acres of controlled mineral properties across multiple states.
  • Ramaco Resources has a strong presence in metallurgical coal development in central and southern West Virginia.

Weaknesses

  • The company employs only 395 full-time employees despite managing extensive mineral properties.
  • Ramaco Resources has a limited operational footprint with only 4 major projects.
  • The firm's focus on coal mining limits diversification in the Materials sector.

Opportunities

  • Expanding metallurgical coal development in southwestern Virginia and Pennsylvania offers growth potential.
  • The Elk Creek property with 17,128 acres provides significant resource development opportunities.
  • Berwind's 31,200 acres of controlled mineral could support future expansion projects.

Threats

  • The coal mining industry faces increasing environmental regulations in the US.
  • Market volatility in metallurgical coal prices impacts Ramaco's revenue stability.
  • Competition from alternative energy sources threatens traditional coal demand.

Sources and methodology

Data on this tab
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