Warrior Met Coal — Feb 13, 2025 release

We also generated cash from operations of $367.4 million in 2024, which was used to both further the development of Blue Creek and return $43.8 million to stockholders via dividends.” “Since the launch of the development of Blue Creek nearly three years ago, the project team continues to do an excellent job of managing capital spending and staying on schedule,” Scheller said. “Importantly, we remain confident with our total project capital expenditure estimate of $995 million to $1.075 billion to complete the project. Blue Creek has started to take delivery of the longwall shields, and we expect to have all shields on site in the first half of 2025. In addition, all major preparation plant equipment is on-site awaiting installation. We continue to expect that Blue Creek will be a significant and exciting driver of our next stage of growth when global steel prices rebound.” With the addition of Blue Creek, Warrior expects to increase its annual High Vol A production by 4.8 million short tons, enhance its already advantageous position on the global cost curve, drive its cash costs further into the first quartile globally, improve its profitability and cash flow generation and cement its position as a leading pure play steelmaking coal producer. Operating Results Sales volumes in the fourth quarter of 2024 were 1.9 million short tons, compared to 1.5 million short tons in the fourth quarter of 2023, representing a 23% increase. The sales mix from Mine No. 4 was abnormally 8% higher than the prior year comparable quarter. Sales volumes for the full year 2024 were 8.0 million short tons, or an increase of 6% compared to 2023, which was near the high end of our guidance range