Auriant Mining AB (publ) publishes interim report for the period from January – March 2016


Highlights:

·  Tardan gold production increased by 78% to 143.2 kg (4,604 oz), compared to 80.6 kg (2,591 oz) in Q1 2015.

·  The gold grade was 5.19 g/t, compared to 2.09 g/t in Q1 2015.

·   Consolidated revenue increased by 50% to MSEK 56.7 (US$ 6.7 m) (Q1 2015: MSEK 37.4 (US$ 4.5 m)).

·   EBITDA more than doubled to MSEK 25.4 (US$ 3.0 m) compared to MSEK 11.5 (US$ 1.4 m) in Q1 2015.

·   Operating profit was MSEK 12.0 (US$ 1.4 m), compared to a loss of MSEK -3.0 (US$ -0.5 m) in Q1 2015.

·   The net loss after tax for the period was MSEK -14.1 (US$ -1.6 m) compared to a loss of MSEK -19.3 (US$ -2.3 m) in Q1 2015. Earnings per share were SEK -0.79 (US$ -0.09) compared to Q1 2015 – SEK -1.08 (US$ -0.13). 

 

Full report is available here

  

The report will be followed on Monday, May 30st by an interactive webcast for analysts and investors with the CEO, Sergey Ustimenko and CFO, Alexander Buchnev who will be presenting Auriant Mining’s Q1 2016 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 or opening the following link https://auriant.webex.com/auriant-en/onstage/g.php?MTID=e72d7a34c091b72f8a3ea7a4a4761a397

For more information, please contact:

 

Sergey Ustimenko, CEO

tel: +7 495 660 22 20

e-mail: sergey.ustimenko@auriant.com

 

Company name: Auriant Mining AB

Short name: AUR

ISIN-code: SE0001337213

 

Website: www.auriant.com
Twitter: @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 one operating mine (Tardan), one early stage exploration asset and two development assets.

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.

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

Q1 report eng.pdf