Katja Jancik's questions to ARCH leadership • Q1 2024
Question
Asked for details on the Q2 met coal sales guidance range, contingency plans for extended Baltimore port delays, and sought confirmation on the Q2 met cost forecast and the full-year production target for the Leer South mine.
Answer
The Q2 met sales range depends on vessel timing and the Baltimore port reopening date, which is expected in late May. If delays persist, the company will utilize its DTA terminal and other alternatives like midstreaming. Q2 met costs are expected to be in the mid-to-high $80s range. The company confirmed the 3 million ton production target for Leer South for 2024, with higher output expected in Q4 and into 2025.