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Year-end report

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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

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