Year-end report

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

About Us

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 also engages in exploration activities to increase the iron ore base locally and regionally, and to explore for base and precious metals in several areas in Uppland where the potential for finding mineable deposits is considered good. Dannemora Mineral comprises the Parent Company Dannemora Mineral AB and the wholly-owned subsidiaries Dannemora Magnetit AB (responsible for operation of the Dannemora mine and the Group’s exploration activities) and Dannemora Förvaltnings AB (responsible for the property portfolio). 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 Adviser on First North is Remium AB.

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