Fourth quarter 2012
- Net sales amounted to SEK 81.3 (0.8) million
- Earnings per share amounted to SEK -6.80 (-1.61)
- Cash flow was SEK 19.1 (-17.6) million
- Ralf Nordén became the new CEO of Dannemora Mineral in December
- A private placement of convertible debt totalling SEK 136 million was conducted in October
- Supply contracts were signed with SSI UK and ROGESA Roheisengesellschaft Saar
- 155 kt of finished products were delivered
Full year 2012
- Net sales amounted to SEK 137.3 (3.1) million
- Earnings per share amounted to SEK -16.13 ((-8.82)
- Cash flow was SEK -471.1 (406.6) million
- The sorting plant was commissioned in April and commercial production started
- An update of the mineral reserve showed an increase of 6.9 mt to 35.1 mt, thereby increasing the mine's life by approx. 2 years to a total of 15 years
- A share issue in March brought the Company SEK 103.5 million
- An action programme, aimed at increasing operational readiness and yield, was initiated
- 233 kt of finished products were delivered
Significant events after the end of the period
- The Board of Dannemora Mineral has resolved, subject to approval by an extraordinary general meeting, to conduct a fully guaranteed rights issue of up to approx. SEK 211 million before issue costs
- Read report below
http://hugin.info/137553/R/1678664/547960.pdf
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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Dannemora Mineral AB via Thomson Reuters ONE