well Thank In third summary, to We've quarter, remainder production we the out. provide build the indeed and you, revised a that number updates quarter, the capital Randy. of to year during of on continue XXXX. our for a want great are deal the third a There startups, new we as guidance as as execute we made for and and on my these development efforts later that, we Randy to Prior as I mentioned third to in sale that operate our in on during on XXXX. have for earlier, the by to contracting continue of coal everyone progress remind mine throughout comments. expand XXXX, want mode. will I quarter, in the of
align and completion the preparation operating stockpiles Creek need to our with our of costs and Our production plant. were Elk impacted the negatively by productivities
quickly plant. raw stockpile coal to space react the amounts gap inventories control, our of plant. in third imperative deck namely the was to of the to the outside bridge to the all Elk During for larger delay It it necessary Creek these and on of to commissioning was quarter, opening manage circumstances the hands our create preparation to
For temporary example, our surface stockpile stockpiles, coal mining been helping as to space. hauling create crews have as well
marketing the would be we operational to are to like concert operational, in Now be our plant, to able inefficiencies. that I quarter, one success for orchestrate fourth of minds, well XXXX. shareholder types convey these I with should diving value to what end in details, plant loadout of is the positioned the our work Prior to critical factors another. should through we in more expeditiously creating preparation and believe By
will We a is responsibility. to promote philosophy safety-focused continue safety culture everyone's that our and create
the of leading will rate what Our We industry third be across platform. of intend all quarter to remains believe the our we NFDL low-cost operations out our at end aggregate prove current zero.
We and levels. and best will hourly to efforts management continue hire the both retain the employees, at our
can the and the risks overcome. There upside. who is because as will we entrant a where This can want the We by key coal and and are forward-looking we a cash a tons North the of marketplace. of be risks that complicated go team challenges. to question paramount decreasing Last important to sheets successfully new we cusp By one real dividends whether uncommitted and will management of whether balance are flow. Ramaco risk, intend of This into between We about fund a portfolio portion sales balance and future our will out break view, of for you significant our doubts creating unpriced coal start We a company customers. long however those ability have to dominated can execution industry. sales American the least, coal experienced a actually of are end not way metallurgical in remain migrate retain an through the the specifically start-up our especially do committed is to a coke I export my coal comments, coal plan but are In company the those metallurgical the to cleanest scratch in very market. load secure removing into maintaining agree from customers. into believe domestic on steel base predictable our most
believe, behind consider much multiple of should out current peers. profile assuming We our our prove and analysts, us that at put we us prospective also a that risk higher and investors investors than valuing this low-cost
and start our sales with comments some me efforts. regarding Let marketing
coal for X.X year guidance tons. production Our million is next
including profitability. from of be seen in Echoing production. tons our coal approximately the quality. have quite XXXX likely to by metallurgical will some contributor a producers, It be steam XXX,XXX now overall Elk that of interest surface from actually our a produced steam other limited could meaningful mine. we our would levels, tons XXX,XXX Should pricing an bit production at our to million expect coal metallurgical steam X which comments Creek, We high-quality tons, market from additional increase we our expected to have production XXX,XXX strengthen appears all
As These Randy priced XXX,XXX This an currently price steam average XXXX tons at sales out are over ton. of customers. million between tons. said slightly approximately and X.XX multiple mine includes we for spread earlier, new $XX per sold FOB have
by these placed margin the this at well are in the us, that point. price substantial earn confidence average should customers have as as pleased we We
and are will year. healthy up sales the market We mostly margin, optimistic our for our the export push price hopefully average also sales that in uncommitted generate a
played have going agent and Much Elk sales convey the continue the in customers, parts customers potential Joe advantages host to maintain to expect world property like currently expand numerous to exclusive story North to Czul, Our our that and visits reinforce our domestic unique agent, we to America. of than international our and have we other forward. Creek
much to the we we that quarter already first entered metallurgical is a XXXX there confident at coal be that in support international to the third quarter customers. robust list able do, XXXX. multiple we feel arrangement our of high-quality shipping While terminal News to Note work international to our in into through coal add of buyers Newport will efforts
to are producing depending quarters, We tons arrangement actually likely is export currently normal of we ongoing beyond. are support Realizations possible that XXX,XXX tons, currently some XXX,XXX new the efforts It potential we a season on in XXXX. experienced in negotiating our what materializes in only what a in similar prior upside with contracting negotiations. XXXX project for international for business. to and sell quarter logistics fourth longer-term to be We around export total
Knox one production our and the we month of extend We our one hope are assist of with business During properties. We're and are coal trading comes develop majority into coal business of agreement believe our the existing nearby when an generate at online. now parties. business, continue into the out coal anticipate approximately that development will Berwind opportunities of add of suppliers third multi-month now to XX,XXX Creek existing local quarter, Knox producer. of production sales we entered from controlled will coke sale selling for third purchasing royalties with which per we the also Creek, value a year additional to our to clean their support We to working our plant. To new with a plant. own mines, this tons These sales our the currently one from sorts next to of
which mine, in Knox One low we've very had Creek things of we're the our excited in the volatile of interest has amount in the to metallurgical that our is about Berwind new plant. proximity marketplace been close
surprised this in million interest of the are we amount domestic X production. of been per only is up process substantial in is the sections. to the low ramp complete believe at with could phase who inch by execution that the the adding future to company We support that volatile case will on which visits ton During we've and production, Berwind XX of customers, establishing site year power has infrastructure level. belt up multiple include are onsite. the The and infrastructure exceptional, in initial oversized mining been our an we Berwind Note
additional our obviously hired some goal November. have minimal development slid employees. support At We quarter, the anticipate quarter, Elk the occurred several amount preparation of startup Creek, coal the our into of resulting plant, fourth Berwind raw production in our the plant. superintendent We was site in well align and third which at a of for Unfortunately, to of in mines coal on startup Creek. the our the Elk enhancements large at with stockpiles buildup production of advance our
stockpile tons, current estimate Our impacted our $X.XX negatively by is approximately cost to $X XXX,XXX ton. which per has structure raw
ton running, bridge our approximately into our quarter a will cash can Creek our costs. preparation cost bridge, With trucking in greatly to our more we expected Fortunately, costs. To over be time processing current the preparation insight with components. by will we of and three provide now the operational, normalized Elk experience plant costs per $XX and bit plant reduced recoveries better reduce key third
foot substantially clean experience reached. have of ton mining now should in recovery dual the per higher we mine area Eagle Our
advance Our Alma of feet much mine increase conditions. should to better due its mining
be to many the We the active of Unfortunately, experiencing becoming fourth and operational. we savings the our two projected efficiencies already not improvements just we of October, mentioned, quarter, mines. deep I reached levels are all delay enjoy the projected at our In to in throughout projected due that will production deep mines in that have at able the XXXX. primarily plant
we cost back levels improvements structure all confident first during that the are expected fully migrate into the reach completed. However, remain G&A quarter after cash XXXX of will XXs before the capital and
work to in of the has XXXX. completed our negatively quarter expect that We all the impacted be first cost delayed of
be became resulting plant our October. out in We to first train sometime preparation By yearend, Elk additional refuse Our in of week. belt our late plan Creek ship should operational next completed, savings.
two well operating in Creek earlier, operating now and mentioned conditions. are As our Elk I both deep mines optimum at are
and mine The the completion third gas in next high-quality Our deep the weeks. will is the two we site adding number and seam. near to infrastructure power base up in be other few is
this to XXX,XXX normalized first production in in XXXX. sometime quarter, the expect to produce mine hit tons and We
our is XXX,XXX on operation mine including miner execution, on been mining had reacting create production. avoiding day. surface have and surface what surface to they order circumstances mine stockpile in highwall be and beyond miner have quickly space, all should production ramping up has While made now progress. our crew cost last tons diverted about. The highwall somewhat past fully In focused we others is Ramaco are our in per and our production. our one the is in considerable We've shift expected XXXX control Since currently summary, shops multiple to operating our produce site call, lowest is made to mistakes approximately
employees with ending date to XXX XXXX over hired have XXX employees. approximately We and anticipate
beginning choice that the employer to communities in make in these in each which an Clearly, the success. of we We have able our We development the operational We operate are an hard become of our to difference partners development we have work the reserve proud of we've this of households point maintain production at now that to in been Creek. month. the advanced preparation intend of Berwind Elk reputation. quickly to plant of and
half approximately XXXX We placed projected have successfully projected for margins. at our production of attractive
of believe Thank markets Creek have us, months. active Clearly, risks the your the with Elk time well summary Resources metrics and the key next for now the couple behind We to substantial for for we is realize turn create financial Solochek, in expect multiple microphone three Ramaco I it's and fourth to mines for of value. real. start Resources his the to attention Ramaco Moreover, that mine for the to over shareholder quarter. third Marc you positioned is will key
