Auriant Mining AB (publ.) publishes January-March 2020 Interim Report
Highlights
• Gold production for Q1 2020 was 278 kg (8,946 oz), an increase of 223% compared to 86 kg (2,773 oz) in Q1 2019.
• Volume of ore processed through the newly built CIL plant amounted to 100 thousand tonnes with an average grade of 3.04 g/t (total gold in processed ore – 303 kg). Over the ramp up period, the Company reached projected throughput per working hour (50 t/hour) and recovery rate (>90%).
• Q1 2020 gold sales amounted to 317 kg (10,193 oz), compared to 98 kg (3,157 oz) in Q1 2019, an increase of 219 kg (7,036 oz).
• Consolidated revenue was MSEK 156.2 (US$ 16.2 mln), up 290% YoY (Q1 2019: MSEK 38.0 (US$ 4.1 mln)).
• Net profit after tax amounted to MSEK 56.1 (US$ 5.9 mln) compared to loss of MSEK -14.2 (US$ -1.6 mln) in Q1 2019.
• Strong increase in EBITDA: in Q1 2020 EBITDA amounted to MSEK 92.4 (US$ 9.5 mln) compared to MSEK 2.1 (US$ 0.2 mln) in the previous year.
• Net cash flow from operating activities was MSEK 76.8 (US$ 7.9 mln), up 1463% YoY (Q1 2019: MSEK 4.7 (US$ 0.5 mln)).
• In April 2020, the Group restructured repayment terms of existing loans provided by VTB rolling them over until end of 2023.
Full report is available here
This will be followed by an interactive webcast for analysts and investors with the CEO, Sergey Ustimenko who will be presenting Auriant Mining’s Q1 2020 results as well as hosting a Q&A session.
The event will begin at 13:00 CET (13:00 Stockholm, 14:00 Moscow, 12:00 London).
Those who wish to receive an email reminder an hour before the event can pre-register using the link or open the link directly to participate in Online Conference on Friday, May 29th:
Link to register on Q1 2020 Interim Report Online Conference
For more information please contact:
Sergey Ustimenko, CEO
Tel: +7 495 109 02 82
E-mail: sergey.ustimenko@auriant.com
Company name: Auriant Mining AB
Short name: AUR
ISIN-code: SE0001337213
Website: www.auriant.com
www.facebook.com/AuriantMining/
Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in Zabaikalye and the Republics of Khakassia and Tyva. The company has currently four assets, including two operating mines (Tardan and Solcocon), one early stage exploration asset and one development asset.
Since July 19, 2010, Auriant Mining´s shares are traded on Nasdaq First North Premier Growth Market under the short name AUR. For more information please visit www.auriant.com. Mangold Fondkommission is Certified Adviser to Auriant, for more information please call +46 8 503 015 50, e-mail CA@mangold.se or visit www.mangold.se.
This information is information that Auriant Mining AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on May 29th, 2020.
Cautionary Statement: Statements and assumptions made in this report with respect to Auriant Mining AB’s (“AUR”) current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of AUR. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where AUR operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) AUR’s continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) exchange rates, particularly between the Russian rouble and the U.S. dollar. In the light of the many risks and uncertainties surrounding any gold production and exploration company at an early stage of its development, the actual results could differ materially from those presented and forecast in this report. AUR assumes no unconditional obligation to immediately update any such statements and/or forecasts. This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action as a whole or in part is subject to legal restrictions. Nothing in this press release should be considered as an offer to invest or otherwise trade in shares of Auriant Mining AB (publ). The proposed issue will not be directed at residents or those living in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action would require further prospectus, other offering documentation, registration or other measures beyond those required by Swedish law. No securities will be registered under the United States Securities Act of 1933, a similar law in any state in the United States, or under any provincial law in Canada, nor under the applicable law of another country.
Attachments
- Auriant Q1 2020 Interim Report_ENG_FINAL
- 2020-05-29 eng Press-release Q1 2020