2013-02-15 14:54:57 -

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


Year-end report: 
 hugin.info/137553/R/1678664/547960.pdf



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Source: Dannemora Mineral AB via Thomson Reuters ONE
[HUG#1678664]