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Interim Report 1 January - 30 September 2014

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Third quarter 2014

  • Net sales amounted to SEK 128.1 (142.2) million

  • EBITDA amounted to SEK -32.1 (-27.0) million

  • Earnings per share amounted to SEK -4.93 (-1.74)

  • Cash flow was SEK -19.9 (-38.0) million

  • Production of finished products remained high, amounting to 290 (274) thousand tonnes

  • Average recovery rate was 38 (39) percent

  • The company applied for and was granted extended company reorganisation until 13 November 2014

January - September 2014

  • Net sales amounted to SEK 410.0 (319.9) million

  • Earnings per share amounted to SEK -11.06 (-12.28)

  • Cash flow was SEK -16.9 (-94.1) million

  • Production of finished products amounted to 877 (641) thousand tonnes

Significant events after the end of the period

  • On 20 October 2014 Dannemora Mineral announced that the ongoing efforts to optimise and define the company's investment projects have reduced the company's need for external financing by another SEK 100 million, compared with the plan presented in September. The total external financing need is now expected to amount to SEK 300 million.


For further information, please contact:

Ralf Nordén, President and  CEO
Telephone 46 70 937 48 91
ralf.norden@dannemoramineral.se

or

Niklas Kihl, CFO
Telephone  46 730 797 363
niklas.kihl@dannemoramineral.se

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.

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