Key Highlights

  • Mosaic's third quarter ended in a USD 72 million net loss, or USD 0.23 a diluted share, a sharp Reversal from the USD 411 million profit of the prior year, as sulfur expenses weighed on phosphate economics.
  • Intrepid Potash lifted its full-year Trio production outlook to 305 to 315 thousand tons, while Trio unit costs fell to USD 224 per ton from USD 257.
  • SSR Mining held USD 1.55 billion of cash at quarter end after receiving USD 1.495 billion from the Copler sale, and spent USD 531.4 million on Buybacks over nine months.
  • Ramaco Resources grew third quarter sales to USD 150.1 million, but its loss deepened, reaching USD 18.2 million against USD 13.3 million a year before.

Mosaic (NYSE:MOS): Costlier Sulfur Turns Higher Fertilizer Prices Into a Loss

Mosaic (NYSE:MOS) released its quarterly figures on November 3, 2026. The company logged a net Deficit of USD 72 million, or USD 0.23 a diluted share, against a USD 411 million profit a year earlier. Top-line Revenue was USD 3.1 billion, and the operating shortfall reached USD 97 million. DAP, its phosphate fertilizer, fetched USD 838 a tonne, up from USD 714, but the Phosphate unit still ran an operating loss of USD 194 million. Input expenses did most of the harm: sulfur ran at an average USD 715 a long ton, and ammonia at USD 619 a tonne. Phosphate shipments declined to 1.4 million tonnes from 1.6 million, since production was cut back when affordable sulfur was scarce, and the unit's per-tonne Margin landed at negative USD 105. Potash brought in USD 189 million at the operating level, yet unusual ground conditions at Esterhazy prompted a trim of full-year potash output guidance to 8.6 million tonnes. Adjusted EBITDA dropped to USD 324 million, compared with USD 806 million, once USD 53 million of pre-tax notable items were set aside. Looking ahead, the fourth quarter should bring weaker Phosphate and Fertilizantes profit, even though the company fixed its fourth quarter sulfur price at USD 615 a long ton.

Intrepid Potash (NYSE:IPI): Trio Unit Costs Fall and Lift the Full-Year Output Target

Intrepid Potash (NYSE:IPI) posted its July-to-September 2026 figures on November 3, 2026. Continuing-operations sales were essentially unchanged at USD 51.0 million, versus USD 50.8 million a year earlier, and profit from that Business rose to USD 1.7 million, which equals USD 0.13 a diluted share, up from USD 0.7 million. Adjusted EBITDA from continuing operations came to USD 11.7 million compared with USD 10.7 million. Trio, a low-chloride specialty fertilizer, generated USD 19.1 million of sales, up 5%, and its gross margin improved by roughly 33% as cost per ton dropped to USD 224 from USD 257. Production rose 19% on stronger output at the East mine. The potash segment went the other way, with gross margin falling to USD 3.6 million from USD 6.3 million, volumes down 5% and cost per ton rising to USD 384 from USD 340. Cash stood at USD 152.3 million with no borrowings, although Operating Cash Flow was negative USD 4.8 million, and the third quarter is seasonally the weakest period for profit. The firm was chosen for roughly USD 139 million of prospective USDA co-funding aimed at a potential sulfate of potash facility; the award depends on conditions, and the Investment call is slated for late 2027.

SSR Mining (NASDAQ:SSRM): Divestiture Proceeds Create a Net Cash Cushion

SSR Mining (NASDAQ:SSRM) submitted its Quarterly Report for the period ended September 30, 2026, on November 3, 2026. SSR closed the disposal of its 80% interest in the Copler gold operation in Turkiye on June 24, 2026, receiving USD 1.495 billion, and a further sale of its 20% position in Artmin, the owner of Hod Maden, followed on July 17, 2026. Both Assets now sit within discontinued operations. Cash climbed to USD 1.55 billion from USD 516 million at December 31, 2025, and no current Debt remained, compared with USD 229.6 million before. Revenue from the ongoing business reached USD 447.7 million in the quarter, compared with USD 385.8 million, a climb of about 16% on our math. Profit from the ongoing business came to USD 94.8 million, or USD 0.46 a diluted share. Operating profit slipped to USD 122.1 million against USD 124.9 million, while reclamation outlays swelled to USD 51.1 million, versus USD 6.3 million. Across nine months, Net Income was just USD 57.2 million, as the divested assets dragged the total down by USD 425.4 million. Repurchases of USD 531.4 million ran ahead of nine-month operating cash generation of USD 456.9 million, and sale proceeds bridged that gap.

Ramaco Resources (NASDAQ:METC): Coal Revenue Climbs but Costs Climb Faster

Ramaco Resources (NASDAQ:METC) lodged its quarter filing on November 3, 2026, which covers the period through September 30. Third quarter revenue reached USD 150.1 million against USD 121.0 million, a rise of about 24.0% on our arithmetic. Cost of sales, meanwhile, swelled to USD 133.8 million, up from USD 101.8 million, a rise of close to 31.4% on the same arithmetic. The deficit deepened to USD 18.2 million, against USD 13.3 million earlier, which is USD 0.32 per Class A share compared with USD 0.25. Adjusted EBITDA slid to USD 3.0 million from USD 8.4 million. Operations center on coal extraction in West Virginia and Virginia, with a rare earth and critical minerals project under development in Wyoming. According to the filing, global metallurgical coal markets remained soft on oversupply, even though U.S. indices edged higher. Exports made up 69% of nine-month revenue, increasing exposure to index-based pricing, while roughly 2.1 million tons carry fixed prices near USD 139 a ton. The Brook Mine is still in the exploration stage with no rare earth revenue, and roughly USD 25.0 million of additional spending is discretionary.

Where Things Stand

SSR Mining (NASDAQ:SSRM) holds its USD 1.55 billion mainly because the Copler proceeds of USD 1.495 billion arrived, while operating cash generation of USD 456.9 million fell behind its repurchases. Mosaic (NYSE:MOS) recorded a loss as sulfur and ammonia outran DAP pricing. Intrepid Potash (NYSE:IPI) booked a modest USD 1.7 million profit on better Trio economics. Ramaco Resources (NASDAQ:METC) illustrates how slim coal margins get when expenses climb faster than sales. With no trading Volume data in the material, the thin-trading risk for the smaller names is unknown. Information only, not a recommendation.