Auriant Mining AB
Auriant Mining AB (publ) publishes interim report for the period from January – March 2015
DGAP-News: Auriant Mining AB 2015-05-29 / 10:12 --------------------------------------------------------------------- Highlights: · Total gold production in the first quarter was 84 kg (2,699 oz) - which was the same as in Q1 2014: 84 kg (2,690 oz). · Consolidated revenue for Q1 2015 increased by 15% to MSEK 37.4 (US$ 4.5 m)(MSEK 25.7 (US$ 3.9 m)). EBITDA for the period was positive at MSEK 11.5 (US$ 1.4 m) compared to the Q1 2014 loss of MSEK -21.9 (US$ -3.4 m). · The net loss after tax for the period was MSEK -19.3 (US$ -2.3 m) compared to a loss of MSEK -35.2 (US$ -5.4 m) in Q1 2014. Earnings per share for Q1 2015 were SEK -1.08 (US$ -0.13) compared to Q1 2014 - SEK -1.98 (US$ -0.31). · The Company has agreed with the majority Shareholder to reduce the interest rate on the Shareholder's bond liability (US$ 44 m) from 10% p.a. to 2% p.a. Monthly capitalized interest will now be charged annually from 31 December each year. These changes will be effective from 1 March 2015. In exchange, the majority Shareholder has been offered an option to redeem US$ 20 m of the outstanding bond amount in the form of cash or new shares, or a combination of both. The conversion date is at the discretion of the Shareholder from the date of the registration of the terms with the Swedish authorities until December 31, 2018 Full report is available here The report will be followed on Monday, June 1st by an interactive webcast for analysts and investors with the CEO, Denis Alexandrov and CFO, Sergey Ustimenko who will be presenting Auriant Mining's Q1 2015 results as well as hosting a Q&A session. The event will begin at 11:00 CET (11:00 Stockholm, 12:00 Moscow, 10:00 London). Those wishing to participate will need to pre-register for this event by clicking here For more information, please contact: Denis Alexandrov, CEO tel: +7 495 660 22 20 e-mail: denis.alexandrov@auriant.com 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. The group's mineral licenses are estimated to contain official Russian State Reserves Committee (GKZ) reserves of 829 500, 000 troy ounces (1 oz = 31.1 g) in the C1 and C2 categories and 500,000 troy ounces in NI 43-101 standard. Since July 19, 2010, Auriant Mining's shares are traded on First North Premier at the NASDAQ OMX Nordic Exchange 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 or visit www.mangold.se. Company name: Auriant Mining AB Short name: AUR ISIN-code: SE0001337213 Website: www.auriant.com Twitter: @auriantmining 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 News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-05-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Auriant Mining AB Sweden ISIN: SE0001337213 End of News DGAP News-Service --------------------------------------------------------------------- 363137 2015-05-29
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