Stock Exchange Release
Talvivaara Mining Company Plc
15 August 2013
Correction: Talvivaara Mining Company Interim Report for January-June 2013
Correction to Talvivaara Mining Company Interim Report for January-June 2013
published on 15 August 2013. The Interim Report for January-June 2013
incorrectly states on page 1 in the Key Figures table that the Profit (loss)
figure for the period was positive. Talvivaara Mining Company's Profit (loss)
figure for the period was negative. In addition, the Key Figures table
incorrectly states that the number of employees at the end of the period Q2
2012 was 505. The correct number of employees at the end of the period Q2 2012
is 595.
The corrected Key Figures table is as follows:
Key Figures
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EUR million Q2 Q2 Q1-Q2 Q1-Q2 FY
2013 2012 2013 2012 2012
--------------------------------------------------------------------------------
Net sales 13.0 33.4 40.6 72.5 142.9
--------------------------------------------------------------------------------
Operating profit (loss) (23.9) (10.9) (43.8) (22.3) (83.6)
--------------------------------------------------------------------------------
% of net sales (183.3%) (32.5%) (107.9%) (30.8%) (58.5)%
--------------------------------------------------------------------------------
Profit (loss) for the period (27.6) (17.5) (51.5) (32.4) (103.9)
--------------------------------------------------------------------------------
Earnings per share, EUR (0.03) (0.06) (0.06) (0.12) (0.38)
--------------------------------------------------------------------------------
Equity-to-assets ratio 37.0% 28.9% 37.0% 28.9% 24.3%
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Net interest bearing debt 409.5 475.6 409.5 475.6 563.8
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Debt-to-equity ratio 81.2% 125.8% 81.2% 125.8% 183.3%
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Capital expenditure 15.3 20.7 32.6 35.3 97.5
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Cash and cash equivalents at the end 101.1 128.7 101.1 128.7 36.1
of the period
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Number of employees at the end of the 673 595 673 595 588
period
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All reported figures in this release are unaudited.
The corrected Interim Report for January-June 2013 can be found on Talvivaara's
website www.talvivaara.com/financial-reports and is attached as a PDF file to
this Stock Exchange Release.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO
Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals producer
with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is estimated to support anticipated production for several decades.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki. Further information can be found
at www.talvivaara.com.
[HUG#1723317]
Correction: Talvivaara Mining Company Interim Report for January-June 2013
| Source: Talvivaaran Kaivososakeyhtiö Oyj
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