Interim Report 1 January - 30 June 2014
Second quarter 2014
Net sales amounted to SEK 136.0 (83.1) million
EBITDA amounted to SEK -28.3 (-52.0) million
Earnings per share amounted to SEK -3.68 (-4.45)
Cash flow was SEK -4.2 (47.7) million
Production of finished products remained high, amounting to 292 (196) thousand tonnes
Average recovery rate was 41 (34) percent
The company filed for and was granted company reorganization
January - June 2014
Net sales amounted to SEK 281.9 (171.8) million
Earnings per share amounted to SEK -6.13 (-11.82)
Cash flow was SEK 2.9 (-56.1) million
Production of finished products amounting to 587 (367) thousand tonnes
Significant events after the end of the period
On August 12, Dannemora Mineral applied for extension of the company reorganisation of Dannemora Mineral AB and Dannemora Magnetit AB to 13 November 2014. Uppsala District Court approved the application.
Dannemora Mineral signed a letter of intent with the Austrian steel group voestalpine for deliveries of about 300,000 tonnes of fines annually.
For further information, please contact:
Ralf Nordén, President and CEO
Telephone +46 70 937 48 91
Niklas Kihl, CFO
Telephone +46 730 797 363
Dannemora Mineral AB is a mining and exploration company of which the primary activity is mining operations in the Dannemora iron ore mine. The Company intends to engage in exploration activities to increase the iron ore base locally and regionally.The Company’s most important asset is the iron deposit in the Dannemora Mine, and activity is focused mainly on the mining of this deposit at present.
The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The Company's Certified Advisor on First North is Remium Nordic AB.
The Company's independent qualified person is mining engineer Thomas Lindholm, Geovista AB, Luleå. Thomas Lindholm is qualified as a Competent Person, as defined in the JORC Code, based on education and experience in exploration, mining and estimation of mineral resources of iron, base and precious metals.