Warrior Met Coal sees FY23 capex for existing mines $95M-$105M

The Company’s “guidance for its capital expenditures consists of sustaining capital spending of approximately $95 – $105 million, including regulatory and gas requirements, and capital spending of $325 – $380 million for the development of the Blue Creek reserves and other discretionary capital expenditures such as final payments on two new sets of longwall shields originally purchased in 2022, and the final 4 North bunker construction. The Company currently expects discretionary capital expenditures in 2024 to be less than 2023 and mainly consist of the development of the Blue Creek reserves, which is subject to change.”