As of November 30, the company had sales commitments of over 2 million tons for delivery in 2024. Anticipates 2024 cash cost of sales of $105-$111 per ton, as increased production levels are partially offset by continued inflationary cost pressure. Anticipates 2024 CapEx of $45M-$55M, at the midpoint of production guidance. Even at the high end of production guidance, anticipates 2024 CapEx to remain well below 2023 figures, as the production range is driven more by demand factors as opposed to capex spend. 2024 selling, general and administrative costs is estimated at $38M-$42M, excluding non-cash stock compensation. Expects interest expense of less than $5M, and an effective tax rate of 20 – 25%. Anticipates depreciation, depletion, and amortization of $57M-$63M.
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