“The environmental permit, the land allocation, and the directed share issue allow us to maintain a high pace in reopening the mine. We are grateful for the valuable support we have received through the share issue and look forward to starting the investments in the processing plant and other infrastructure.”
– Jörgen Olsson, CEO of Viscaria
SIGNIFICANT EVENTS DURING THE PERIOD JANUARY-MARCH
- On May 6, Viscaria was granted a permit under the Environmental Code for mining and water operations at the Viscaria mine.
- On May 7, the company’s annual general meeting decided on a name change to Gruvaktiebolaget Viscaria. The name change was carried out on May 22.
- On May 13, Viscaria was granted a land allocation in favor of the Viscaria project through a court ruling.
- On June 18, a directed share issue was carried out, bringing Viscaria approximately 440 million SEK before expenses.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
- On August 1, Viscaria exercised its environmental permit and began the construction of the water treatment plant.
APRIL – JUNE 2024
- Net sales amounted to SEK 0 million (0).
- Profit after tax for the period was SEK -12.0 (-8.5) million.
- Earnings per share before and after dilution amounted to SEK -0.13 (-0.11).
- Capitalised expenses related to exploration and appraisal assets amounted to SEK 92.0 million (85.2).
- The Group’s cash flow for the period was SEK 317 million (186).
- Cash and cash equivalents amounted to SEK 514 million on June 30, 2024 (266 on December 31, 2023).
- Equity amounted to SEK 1,623 million on 30 June 2024 (1,228 on December 2023).
PRESENTATION OF THE INTERIM REPORT
A live presentation of the interim report for the second quarter 2024 will be held today, Thursday 15 August, at 09.30 CET. The report will be presented by CEO Jörgen Olsson and CFO Frida Keskitalo. The presentation will be held in Swedish and will also include a Q&A session. The live presentation can be accessed via the link: https://www.youtube.com/live/IcxYoVnmnqI
This information is information that Gruvaktiebolaget Viscaria is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-08-15 07:30 CEST.
For further information, please contact:
Jörgen Olsson, CEO
Mobile: +46 (0) 703 – 420 570
Email: jorgen.olsson@viscaria.com
Karin Svensson, Head of Communications
Mobile: +46 (0) 761 – 169 190
Email: karin.svensson@viscaria.com
info@viscaria.com or www.viscaria.com
About Viscaria
Gruvaktiebolaget Viscaria is a company that is scaling up to become a modern and responsible producing mining company through the reopening of the Viscaria mine in Kiruna. The deposit’s high copper grade, assessed mineral resources, geographical location and growing team of experienced employees provide good conditions for the company to become an important supplier of high-quality and responsibly produced copper – a metal that has a central role in Sweden’s and Europe’s climate transition. In addition to the Viscaria mine, the company holds a number of processing concessions and exploration permits in Arvidsjaur (Eva, Svartliden, Granliden) and Smedjebacken (Tvistbogruvan) – all in Sweden. The Parent Company’s shares are listed on Nasdaq Stockholm Main Market (ticker VISC).
Attachments
Q2 2024 Viscaria EN FINAL